On September 24, Bitget reported a significant security breach involving unauthorized transfers from its hot wallets, with compromised assets valued at approximately $351.6 million.
At 18:31 UTC, Bitget’s security team detected suspicious activity affecting a small number of hot wallets. Emergency protocols were immediately initiated, and a thorough investigation is currently underway.
— Bitget (@bitget) September 24, 2026
We are assessing the situation and will provide updates as they become available.
Gracy Chen, CEO of Bitget, stated, "Our security team quickly localized the incident and took steps to safeguard the impacted systems."
Chen reassured users that all client balances are secure, noting that the Bitget User Protection Fund, which currently holds around 5,500 BTC (approximately $464 million), is prepared to address any fallout from the incident. Although trading and deposits remain active, withdrawals have been temporarily halted for additional security measures.
Chen clarified, "The Bitget Wallet functions as a non-custodial wallet and is built on a distinct infrastructure from the exchange, so it remains unaffected by this breach."
The company is working alongside independent cybersecurity experts from Mandiant and SlowMist to analyze the incident. Until the investigation concludes, Bitget will not speculate on the breach's origins.
