Bitget Says Crypto Hack Reached $387.5 Million as Withdrawals Stay Paused

Bitget has revised the value of assets stolen in its September 24 incident to about $387.5 million, up from an earlier estimate of $351.6 million. For high-risk payment and crypto operators, the useful detail is not just the headline number: withdrawals are still paused, the incident was tied to hot wallets, and Bitget is still tracing transactions and restoring controls.

1. Bitget said in a Friday, Sept. 25 post on X that assets equivalent to about $387.5 million were stolen in the attack it announced a day earlier, on Thursday, Sept. 24. The company had initially estimated the loss at about $351.6 million.
2. According to Bitget, the revised figure reflects “a more complete accounting of transfers that occurred during the incident,” including affected assets on Zcash and TRON that were not part of the first estimate. Bitget said the update does not indicate any further unauthorized transfers and that the incident remains contained.
3. In its Thursday update, Bitget said its security systems detected unauthorized transfers involving a limited number of hot wallets, after which its security team activated emergency response procedures, started a full investigation, and suspended withdrawals while it carried out a comprehensive security review.
4. The company said user funds remain protected and that the incident falls within the coverage of Bitget’s User Protection Fund, which currently holds more than $464 million. Bitget also said customer account balances remain accurate and that deposits and trading continue to operate normally.
5. Bitget said it will announce a withdrawal plan on Saturday, Sept. 26 at 4 a.m. UTC. It added that the investigation is ongoing, the figures may change as more transactions are classified and traced, and withdrawals remain temporarily paused while additional security checks and remediation are underway.

CNBC reported that Bitget CEO Gracy Chen said during a livestream on X that the company suspects a North Korean hacking group may be behind the breach. The Financial Times said the Bitget incident is the largest crypto hack this year; before this attack, $1.73 billion had been stolen across 333 incidents.