Bitget resumes Bitcoin withdrawals in phases after $388 million hack, with fund absorbing losses
Bitget resumed Bitcoin withdrawals four days after a reported $387.5 million hack, while the exchange restores withdrawals in phases [1] [2] [3].
CEO Gracy Chen said in a September 28 livestream that the incident affected withdrawal infrastructure across multiple chains and assets. She said each chain needed security checks before withdrawals could resume and described the suspension as a security measure [3].
Bitget said its Protection Fund would absorb the financial impact of the incident [4].
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Sources
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- 1Bitget Reopens Bitcoin Withdrawals Four Days After a $387.5 Million HackDeFi Planet• Sep 28, 2026
- 2Bitget Resumes BTC Withdrawals After Reported $388M ExploitNFTenex• Sep 28, 2026
- 3Highlight Clip: Bitget CEO: Why Withdrawals Were Paused and Restored in PhasesWu Blockchain• Sep 28, 2026
- 4Bitget Restarts Withdrawals After $388M Hack, Losses Fully Covered by Protection FundCoinpaper• Sep 28, 2026
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