Bitget reported that it has regained control of its wallets after detecting unauthorized transfers from some hot wallets on September 24, 2026, at 18:31 UTC. Preliminary losses are estimated at around $351.6 million. User funds remain secure, and withdrawals have been temporarily suspended.

Cold Wallets Unaffected; Three-Tier Storage Architecture

The exchange clarified that the incident affected only a portion of its hot wallets. Cold wallets remain fully secure. Bitget employs a three-tier wallet architecture.

Bitget Protection Fund Exceeds Loss Amount

Preliminary losses are estimated at approximately $351.6 million. Bitget’s user protection fund, which holds more than $464 million, fully covers this amount.

Withdrawals Suspended; Deposits and Trading Available

As a precaution, withdrawals have been temporarily suspended pending completion of a security review. Deposits and trading remain operational, and balances are displayed correctly.

Suspicious Transfer Addresses Tagged; Law Enforcement Involved

The emergency response team began work within minutes of the incident’s detection. Addresses linked to suspicious transfers have been identified and flagged, and information has been shared for further action. Law enforcement agencies and blockchain security firms have been engaged in the investigation. Updates will be provided hourly; a full report with analysis and measures will be published within 24 hours. No assumptions about the attack method will be made until the investigation is complete.