Bitget Brings Back USDT Withdrawals After $387M Hack

Bitget brings back USDT withdrawals after $387M hack

Bitget has restored BTC, ETH and USDT withdrawals after its $387.5M hack, with P2P and remaining services set to reopen Friday.

Bitget Reopens ETH Withdrawals After $387.5M Hack, in Phases

Bitget has resumed Ethereum withdrawals following the cryptocurrency exchange's $387.5 million hack, marking a significant step in the restoration of services after withdrawals were suspended in response to the September 24 breach. The exchange is bringing withdrawal functionality back online in phases rather than reopening every affected asset and network simultaneously, allowing its security teams to verify upgraded wallet infrastructure befor…

Bitget Sees Positive Ethereum Net Inflows After Resuming Withdrawals

Bitget reported a positive net flow of Ethereum right after it restarted ETH withdrawals on September 29, indicating that inflows exceeded outflows. This suggests users were not rushing to withdraw funds following last week’s security incident.  By 09:00 UTC on September 29, Bitget had logged about 9,674 ETH inflows and 9,023 ETH outflows, resulting in […] Read The Full Article Bitget Sees Positive Ethereum Net Inflows After Resuming Withdrawals…

Ether Wallet Balance Rises Above Level Recorded Before Bitget Withdrawals Opened

The address fell from about 30,000 ETH to roughly 25,000 ETH within 30 minutes after withdrawals opened, then received ETH inflows that lifted its balance slightly above its starting point.