Bitget: $352 Million Stolen in EVM Chain Hack

Bitget suffered a $351.6 million theft at 3 AM, including $192.6 million from EVM chains primarily in stablecoins and ETH that hackers rapidly converted, leaving one address holding 68,500 ETH valued at $184 million.

Founded in 2018, the exchange had faced prior wallet incidents in 2022 yet maintained operations amid ongoing EVM chain risks where stolen funds often consolidate into ETH. With price at $2696.14 inside Bollinger Bands testing upper resistance at $2790.2, the neutral RSI at 52.6 and bearish MACD death cross signal limited momentum despite the EMA50 support at $2644.78 and EMA200 at $2449.32 holding the bullish structure; institutional desks watch for a potential pullback to the 50-EMA before any continuation as the hack liquidity hits ETH flows.