Bitget Wallet, a self-custodial wallet, said its systems and users’ self-custodial assets were unaffected by the recent security incident involving Bitget Exchange, following precautionary security checks conducted after the event.
The incident involved parts of Bitget Exchange’s hot and warm wallet infrastructure. According to the exchange’s preliminary investigation, attackers compromised a backend system, spoofed transaction data and triggered its authorization process, while a compromise of private keys has so far been ruled out.
Those hot and warm wallets are part of the centralized exchange’s operational infrastructure and are controlled by the exchange to process customer transactions. Bitget Wallet uses a different model: as a self-custodial wallet, users control their own wallets and assets remain onchain rather than being held in an exchange-controlled pool.
“Our security checks have found no impact on Bitget Wallet’s systems or users’ self-custodied assets,” Bitget Wallet said in its security advisory. The company added that its services remain fully operational.
