On September 24, Bitget's security systems detected unauthorized transfers from several of its hot wallets, with the estimated value of the compromised assets totaling approximately $351.6 million.
At 18:31 UTC on September 24, 2026, Bitget’s security systems identified unauthorized transfers involving a limited number of hot wallets.
— Bitget (@bitget) September 24, 2026
Our security team immediately activated emergency response procedures and began a full investigation.
Based on our current assessment,… https://t.co/7xF5xW0JQ1
"Our security team promptly took measures to localize the incident and protect the affected systems," emphasized Gracy Chen, CEO of Bitget.
Chen assured that client balances remain fully intact, and the Bitget User Protection Fund is set to cover the repercussions of this incident across the platform. According to information from the company's website, the fund currently holds 5,500 BTC, which is roughly $464 million.
Source: Bitget.Trading and deposits on the Bitget Exchange are still operational; however, withdrawals have been temporarily paused for further security checks, as clarified by Chen.
"The Bitget Wallet is a non-custodial wallet and operates on a completely separate and independent infrastructure from the exchange, so it was not affected," Chen added.
She mentioned that the company is collaborating with independent experts from Mandiant and SlowMist. Until the investigation is concluded, Bitget representatives will refrain from speculating on the causes of the incident.
It is worth noting that in February, Bitget and BlockSec established a security standard for universal exchanges, which included mechanisms such as Proof-of-Reserves, risk isolation, and multi-layered infrastructure control.
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