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Nearly $700,000 Linked to Bitget Attack Is Stuck After Chain Mix-Ups

About $267,000 in USDC went to a Chainflip deposit channel on the wrong network, while 160 Ether was sent to an Ethereum-only channel after bridging to Arbitrum.

By Simon Yoon
Published
Mentioned assets
A cable rests beside a sealed deposit slot in a dim lobby / TokenPost.ai
A cable rests beside a sealed deposit slot in a dim lobby / TokenPost.ai

Nearly $700,000 in funds linked to the Bitget attack are stuck after two transfers appear to have mixed up Ethereum and Arbitrum networks.

About $267,000 in USDC went to a Chainflip deposit channel on the wrong network. Circle later blacklisted the address tied to that transfer.

In a separate transaction, about 160 Ether (ETH), worth roughly $430,000, was bridged to Arbitrum and sent to a channel that exists only on Ethereum. The funds are stuck, and both transactions may have been carried out by automated scripts.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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