Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist
Bitget said its $464 million User Protection Fund will cover losses in full as investigators trace stolen funds across multiple blockchains.
- On Monday, September 28, 2026, Bitget resumed Bitcoin withdrawals, marking the first phase of service restoration following a security breach that cost the exchange approximately $388 million in assets.
- Attackers compromised Bitget's backend wallet infrastructure on September 24, 2026, by obtaining high-level internal credentials to falsify transaction data, while cold storage and private keys remained secure.
- Binance founder Changpeng Zhao offered support, though his pledge names no specific amount, asset, or deadline; Bitget CEO Gracy Chen confirmed the $464 million User Protection Fund covers the $388 million loss.
- Ether withdrawals are scheduled to return Tuesday, September 29, 2026, followed by USDT and other assets on Wednesday, September 30, 2026, as investigators examine suspected North Korea-linked activity.
- Blockchain compliance firm AMLBot estimated approximately $343 million associated with the breach remained dormant in attacker wallets as of September 25, 2026, as funds continue moving through THORChain.
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cybernoz.comBitget 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.
Changpeng Zhao Offers Support to Bitget After $388 Million Hack: A Rival's Unexpected Gesture
Binance founder Changpeng Zhao offered to help rival Bitget recover from a $388 million hack, but the pledge named no amount, no assets, and no deadline. Whether this reflects genuine industry solidarity or a calculated move to protect Binance's own interests is a far more complicated question.
Bitget CEO: 'Difficult to Be Optimistic' About Recovering $388 Million in Hacking Losses — BigGo Finance | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting
Gracy Chen, CEO of cryptocurrency exchange Bitget, has indicated she is not optimistic about the prospects for freezing and recovering the approximately $388 million (~530 billion won) in funds stolen in the recent security breach. According to cryptocurrency media outlet CoinTelegraph on the 29th (local time), Chen referenced last year's Bybit hack, which involved $1.5 […] Thank you for subscribing to our RSS feed!
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