Arkham tracked $19.48 million moving in 52 transfers from wallets linked to the Bitget hacker, almost all of it in Bitcoin. The destinations remain unidentified, so laundering is unconfirmed.
The Bitget hacker moved $19.48 million in 52 transfers, with Bitcoin accounting for $19.33 million and ETH making up the rest. Arkham, a blockchain intelligence firm, put the transfers between 10:02 UTC on Oct. 21 and 02:48 UTC on Oct. 24. Its thread said almost all the funds went to new addresses.
However, the update does not show where the money went. Arkham's posts do not name an exchange, mixer, or over-the-counter desk receiving the latest transfers, so it is unclear whether the assets were sold, cashed out, or recovered.
Movements total $78 million since Oct. 15
Over a longer window, Arkham said the attacker sent $78.01 million to new addresses since Oct. 15. Its daily breakdown showed $23.31 million on Oct. 15, followed by $8.68 million on Oct. 16 and $1.15 million on Oct. 17.
Another $10.51 million moved on Oct. 18. After no recorded movement on Oct. 19, the firm listed $15.13 million on Oct. 20, $11.74 million on Oct. 21, $184,160 on Oct. 22, and $7.3 million on Oct. 23.
Remaining holdings valued at $242.54 million
Arkham valued the hacker's remaining labeled holdings at $242.54 million, including 2,960.01 BTC worth $241.99 million. It listed smaller balances on Ethereum, Hypercore, Solana and Tron.
The firm described that balance as 69% of a $350 million theft. Bitget's own accounting puts the incident at approximately $387.5 million, after revising its initial $351.6 million estimate.
Bitget says withdrawals have resumed
Bitget's incident explainer, updated Oct. 20, says its phased withdrawal restoration finished on Oct. 2 after BTC, ETH and USDT services reopened in September. The company says customer account balances remain unaffected.
Bitget attributed the breach to a vulnerability in a third-party security product. It said the attacker obtained high-level internal credentials and submitted fraudulent withdrawal commands that bypassed existing risk controls.
Source: crypto.news
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