Bitget · recovery
Bitget Rebuilds Protection Fund to $316 Million After September Hack
Bitget rebuilt its Protection Fund to 3,705 BTC worth $316 million as of October 4, restoring the user-protection backstop above its $300 million minimum after the September security incident.
Did Bitget restore the Protection Fund above its $300 million minimum?
Yes. TokenPost reported that Bitget used company funds to replenish the fund to 3,705 BTC, valued at $316 million as of October 4.
Orbitrum Investor Impact
Why does the refill matter for Bitget?
It rebuilds a financial safeguard that is separate from the reserves backing customer balances after Bitget designated the fund to absorb the approximately $388 million impact of the September 24 breach.
Does the $316 million represent recovered hack funds?
No. The $316 million figure refers to the replenished Protection Fund, while Bitget said tracing and recovery of the stolen assets remained ongoing.
Were customer balances and withdrawals still affected?
Bitget said customer account balances remained accurate and unaffected, and its incident timeline shows all remaining cryptocurrency, fiat and P2P withdrawal categories resumed by October 2.
What should investors watch next?
The main unresolved issues are how much of the stolen assets Bitget ultimately recovers and the findings of the forensic investigation being conducted with Mandiant and SlowMist.
Sources
- TokenPost — Bitget Uses Company Funds to Replenish Protection Fund to 3,705 BTC
- Bitget — Bitget Replenishes Protection Fund to $300M+, Ahead of Schedule
- Bitget — Bitget Security Incident (September 2026): Hack Timeline, Impact, and Latest Official Updates
Original signal: TokenPost ↗
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