Did Bitget’s Hack Expose the Fatal Limits of CEX: Security incident

The crypto industry has spent years trying to reassure users that the security failures of the past are behind us. Better custody systems, larger insurance funds, sophisticated monitoring tools, and institutional-grade infrastructure were supposed to make major exchange breaches increasingly rare. Yet the alleged $387.5 million Bitget hack shows a far less comfortable reality: centralized ... Read more

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

• https://crypto-economy.com/bitget-hack-exposes-limits-of-cex-security/

Record history

First seen: 2026-10-04T07:00:00.000Z. Last updated: 2026-10-04T17:16:17.520Z. Revision: 1.