Bitget Raises Hack Loss Estimate to $387.5M, Sets Staged Withdrawal Restart
The exchange now says about $387.5 million in assets moved to attacker-controlled wallets, up from an earlier $351.6 million figure, with withdrawals resuming in stages from September 28.
Bitget has revised upward the value of assets moved to attacker-controlled addresses following this week's security breach, putting the total at roughly $387.5 million. That is an increase from the $351.6 million the exchange had previously confirmed.
In a detailed update, the exchange said it has identified and remediated the underlying vulnerability. It did not indicate that user funds outside the affected assets were impacted.
Withdrawal timetable
- Bitcoin withdrawals are scheduled to resume first, beginning September 28.
- Further withdrawal support is set to be restored in stages through October 2.
- The exchange described the restart as phased rather than immediate across all assets.
The revised figure and the staged reopening give users a clearer timeline, though the full accounting of the incident may continue to develop as the exchange and outside investigators review the transfers.
Exchange breaches have become a recurring operational risk for centralized trading venues, and recovery plans typically involve asset-by-asset restoration of deposits and withdrawals alongside security reviews. Bitget's next milestone is the September 28 restart, after which the accuracy of its loss estimate and the effectiveness of its remediation will be tested by user activity.