Bitget resumes withdrawals after $388 million exploit

2026-09-29

Cryptocurrency exchange Bitget has begun a phased resumption of withdrawals following a security incident that resulted in an estimated $388 million loss. The exchange stated that the vulnerability has been addressed and that all losses will be covered by its user protection fund.

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Cryptocurrency exchange Bitget has started resuming withdrawals after a security incident led to an estimated loss of $388 million. The exchange has stated that the vulnerability has been fixed and that its user protection fund will cover all losses.

Key facts

Bitget has begun a phased resumption of withdrawal services.
A security exploit resulted in an estimated loss of $388 million.
The exchange stated the identified vulnerability has been patched.
Bitget assured users that losses will be covered by its user protection fund.
The impact on user asset records and operational integrity is under review.

Source: The Block

Reported by VERA Newswire.