Bitget Resumes Bitcoin Withdrawals After $387.5 Million Security Breach
What happened
Bitget resumed Bitcoin withdrawals on September 28, 2026, after a security breach compromised approximately $387.5 million in assets.
The Context
- Security breach: Unauthorized access to Bitget's wallet infrastructure led to significant asset theft, prompting immediate withdrawal suspensions.
- Phased restoration: Withdrawals for Bitcoin resumed on September 28, with Ether and USDT scheduled for subsequent days, ensuring a structured recovery process.
- Ongoing monitoring: On-chain analysts continue to track the movements of stolen assets, revealing the complexities of decentralized finance protocols like THORChain.
The Number
— This figure represents the total value of assets transferred to attacker-controlled addresses, underscoring the critical need for robust security in digital asset management.
Takeaway
As Bitget navigates the aftermath of this breach, expect increased scrutiny on security protocols across cryptocurrency exchanges.
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Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
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