Bitget Confirms $351.6 Million Hot Wallet Hack, Suspends Withdrawals
Bitget confirmed unauthorized hot-wallet transfers totaling about $351.6 million and suspended withdrawals.
Crypto exchange Bitget confirmed unauthorized transfers from part of its hot and warm wallet infrastructure, with estimated losses of about $351.6 million, detected at 18:31 UTC on September 24, 2026. Cold wallets were not affected. Bitget paused withdrawals while keeping deposits and trading online, notified law enforcement, and said its User Protection Fund of more than $464 million will cover the loss. CEO Gracy Chen promised a full incident report within 24 hours; the intrusion method and asset breakdown were not disclosed.
- Bitget detected unauthorized hot-wallet transfers at 18:31 UTC on September 24.
- Estimated losses are about $351.6 million; cold wallets were not affected.
- Withdrawals are suspended while deposits and trading continue.
- A User Protection Fund above $464 million is said to cover the loss.
- The access vector, assets, and transaction details have not been published.
From the original article
3 min read at gbhackers.com
Crypto exchange Bitget has confirmed unauthorized transfers from part of its hot wallet infrastructure, resulting in estimated losses of about $351. 6 million. To conduct a security review, the company has temporarily suspended withdrawals; however, deposits and trading will remain operational, according to its official incident notice.
By Divya · gbhackers.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.