Bitget Resumes Bitcoin Withdrawals After $387.5 Million Crypto Heist

Bitget Reopens Bitcoin Withdrawals, Starting Phased Restart After $388 Million Hack

ETH, USDT and every other asset follow on a set schedule through Oct. 2, the exchange said, four days after attackers drained its hot and warm wallets.

Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist

Cryptocurrency exchange Bitget has resumed Bitcoin withdrawals suspended after suspected North Korean hackers breached its systems last week and stole over $350 million.

Bitget Withdrawals Resume in Phases After $388 Million Exploit

TLDR: Bitget reopened BTC withdrawals on the Bitcoin network at 08:00 UTC on September 28 as scheduled. The September 24 exploit drained about $388 million, the largest reported crypto theft this year. The attacker used a flaw in a third-party security product to obtain high-level internal credentials.  The Bitget User Protection Fund, holding 5,500 BTC, [...]

Bitget Resumes Bitcoin Withdrawals After $387.5M Breach

Bitget has resumed Bitcoin withdrawals after transferring 3,630 BTC, worth about $300 million, from cold storage to hot wallets following a security breach that resulted in an estimated $387.5 million loss. The exchange restarted BTC withdrawals at 4 p.m. and began processing transactions after moving funds from its cold wallets, including assets held in its […]

Bitget Reopens Bitcoin Withdrawals as Protection Fund BTC Moves

BTC withdrawals reopened September 28, with ETH and USDT next. Bitget’s affected-funds estimate has increased to about $387.5 million. Protection Fund transfers to hot wallets are not customer withdrawals. Bitget has started restoring withdrawals four days after the September 24 security incident, with Bitcoin withdrawals reopening at 08:00 UTC on September 28. The restart comes [...]

Bitget Sets Bitcoin Withdrawal Restart After $387.5M Breach

Bitget plans to resume Bitcoin withdrawals on September 28 after revising the value sent to attacker-controlled addresses to $387.5 million.