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Bitget said private keys were not compromised and that the incident did not affect its separate self-custodial Bitget Wallet product, with exchange withdrawals remaining suspended.

A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour.

**ID:** N25-10

The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen.

Bitget lost roughly $351.6 million in a hot wallet hack that its CEO says matches the patterns of known North Korean threat actors.

Cryptocurrency exchange Bitget has experienced unauthorized transfers totaling approximately $351.6 million. These transfers affected parts of its hot and warm wallet infrastructure but did not impact cold wallets. Bitget asserts that its User Protection Fund, exceeding $464 million, is sufficient to cover the entire estimated loss. Withdrawals on the platform have been temporarily suspended to allow for a thorough investigation. The exchange is collaborating with law enforcement and security firms to address the breach. Deposits and trading activities remain operational during this period. Bitget has identified and flagged suspicious transfer addresses while initiating contact with relevant authorities. A comprehensive incident report, including a root-cause analysis, is expected within 24 hours. The exchange is refraining from public speculation regarding the attack vector until the investigation concludes. The incident highlights the critical role of exchange protection funds and the distinction between exchange and self-custody of assets.

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Bitget's user protection fund will absorb the $388 million loss and be replenished to at least $300 million within a week, CEO Gracy Chen says.

Bitget Loses $387.5M After Backend Authorization Breach A crypto exchange’s vault was not directly broken — its authorization machinery was turned against itself. W3 Meteor ID: BITGET-927202632108 Date &amp; Time: September 24, 2026, 18:31 UTC Origin: Bitget’s exchange wallet infrastructure; an attacker compromised a critical backend component, spoofed transaction data, and used the exchange’s authorization process to move assets from affected hot wallets. Visibility: Bitget users, centralized exchanges Trajectory: The incident began with unauthorized transfers detected from Bitget’s hot wallets. The exchange initially estimated $351.6 million affected, then raised the figure to about $387.5 million after tracing additional Zcash and TRON assets.

🚨 Bitget - reportedly hacked for $100M in $USDT, $ETH, $BTC, $AVAX, $BNB and more. Users are reporting blocked withdrawals, and assets are moving from the Bitget cold wallet. Under investigation by our team.

Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements.

A mystery wallet just emptied Bitget's hot and cold reserves across multiple chains in 60 minutes. Here's what traders need to know right now.

Crypto exchange Bitget suspects North Korean hackers may be behind a security breach that affected about $351.6 million in digital assets, citing preliminary evidence from an ongoing investigation.