A wallet allegedly associated with the Bitget hacker received 457.9 tokens of ETH
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AT A GLANCE
PANews, citing Lookonchain, reported that an allegedly related address transferred approximately 1230000 USD worth of 457.9 tokens of ETH to a Bitget wallet associated with the hacker.
Article
Bitget Hacker allegedly withdrew funds from Binance and transferred them 1230000 USD back to the hacker address.
PANews September 26 reported, citing Lookonchain, that an address allegedly related to the Bitget hack incident withdrew funds from Binance and transferred approximately 1230000 USD in funds. Monitoring shows that wallet address “0x4885” first withdrew from Binance 257.6 tokens of ETH(approximately 692000 USD) and 545000 tokens of USDT, then exchanged all 545000 tokens of USDT for 200.2 tokens of ETH. The address subsequently transferred its accumulated 457.9 tokens of ETH(approximately 1230000 USD) in full to a Bitget wallet associated with the hacker.
PANews said the information originated from a Lookonchain report.
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The report stated that wallet address “0x4885” withdrew from Binance 257.6 tokens of ETH, equivalent to approximately 692000 USD, as well as 545000 tokens of USDT。
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The report stated that the address subsequently exchanged all 545000 tokens of USDT for 200.2 tokens of ETH。
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The report stated that the address transferred its accumulated 457.9 tokens of ETH in full to a Bitget wallet associated with the hacker, equivalent to approximately 1230000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes an on-chain fund flow: address “0x4885” first withdrew from Binance ETH and USDT, then exchanged USDT for ETH, and finally transferred the accumulated 457.9 tokens of ETH to a wallet described as being associated with the Bitget hacker. However, the original report used unconfirmed language such as “allegedly” and “associated.”
Why it matters to readers
If the address-association assessment is accurate, this transfer may provide a clue for tracking the flow of allegedly hacked funds; however, the original report did not provide evidence sufficient to independently verify the ownership of the addresses.
Beginners should interpret this as a lead on suspicious fund flows identified by an on-chain monitoring organization, rather than as an officially confirmed hacker identity or determination of the funds' status.
Risks and unknowns
The original report does not confirm the actual controller of address “0x4885.”
The original report does not confirm that the recipient wallet belongs to the Bitget hacker.
The original report does not provide complete transaction hashes or evidence supporting the address association.
The original report does not state whether Bitget、Binance or law-enforcement agencies have confirmed the incident and the status of the funds.
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ETH
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The destination information that must be verified when receiving or sending cryptocurrency; transfers are generally irreversible if it is entered incorrectly.
