Bitget · security
Bitget Says $351.6 Million Wallet Breach Is Covered by Protection Fund
Bitget says approximately $351.6 million was lost from parts of its hot- and warm-wallet infrastructure, while customer balances remain protected by a User Protection Fund holding more than $464 million.
Are Bitget customer funds affected?
Bitget says customer account balances remain accurate and the loss is covered by its User Protection Fund, which holds more than $464 million.
Orbitrum Investor Impact
Why does the breach matter for Bitget?
The breach creates a direct $351.6 million loss that Bitget says its protection fund can absorb, while the withdrawal suspension disrupts customers' access to assets until security checks are completed.
Are Bitget withdrawals available?
No. Withdrawals remain temporarily suspended while Bitget completes its security review, although deposits and exchange trading remain operational.
Were Bitget's cold wallets compromised?
No. Bitget says the breach was contained to portions of its hot- and warm-wallet layers and its cold wallets remain secure.
What happens next?
Bitget is investigating the breach with authorities and security specialists and says withdrawals will resume after its security review is completed. The attack vector has not yet been conclusively established.
Sources
- Bitget — [SECURITY NOTICE] Bitget exchange hot wallets Incident — September 24, 2026
- Bitcoin.com — Bitget Hit by $351M Hack, Withdrawals Frozen as Probe Begins
- BleepingComputer — Hackers steal $351.6 million in Bitget crypto exchange hack
Original signal: Bitcoin.com ↗
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