Bitget restores withdrawals after $387.5M breach with $1.1M recovered
CIE News ·
Bitget has restored full withdrawal and trading services following a $387.5 million hot-wallet attack across 11 chains, with only $1.1 million recovered so far.
Bitget fully restored withdrawals for all altcoins, fiat pairs, and P2P services on October 2, 2026, following a hot-wallet exploit that resulted in $387.5 million drained across 11 chains. Bitget CEO Gracy Chen confirmed that the exchange has recovered or frozen only $1.1 million of the stolen assets to date. Investigations by Mandiant and SlowMist attributed the September 24 incident to a zero-day flaw in third-party security software rather than compromised private keys, and the exchange remains under active investigation by international law enforcement.