Bitget to end services for select users in one-off move

Bitget will cut off services for a subset of its users as part of a one-off exercise, the exchange said Saturday. The Seychelles-headquartered crypto company said its platform would continue operating and assured affectees that their funds remain safe while providing an online resource for verifying their assets. Bitget said users subject to the changes will receive direct communications by email, in-app messages and/or push notifications explaining the next steps, relevant deadlines and arrangements for withdrawing funds. The move comes just weeks after a $387.5 million hack that ranks among the biggest security breaches in centralized exchange history. It also comes as the platform faces increasing pressure to meet stricter regulatory requirements worldwide. The September hack Bitget suffered a $387.5 million security breach on September 24 after attackers exploited a zero-day flaw in third-party security products to access the exchange’s infrastructure. The hackers drained hot and warm wallets across 11 blockchains, including Ethereum and the XRP Ledger, stealing nearly 103 million XRP. The attackers reportedly gained initial access through security appliances supplied by an ext...