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Bitget Suffers $350 Million Hack, Customer Withdrawals Paused

Bitget Suffers $350 Million Hack, Customer Withdrawals Paused

First seen 30 Sep 2026, 16:28 UTC • •
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ThreatCluster AI
ThreatCluster •September 30, 2026 at 17:31 UTC
  • •Bitget lost approximately $351.6 million in a hack, leading to withdrawal suspensions.
  • •The incident has resulted in $463 million in outflows, the largest in the exchange's history.
  • •The attack is reportedly linked to North Korean hackers, raising concerns over security in the crypto sector.

Crypto exchange Bitget announced a hack resulting in the theft of approximately $351.6 million. Following unauthorized transfers from its wallets, Bitget suspended customer withdrawals as a precaution. CEO Gracy Chen stated that user funds are safe and the loss will be covered by the company's own resources. The incident has led to significant outflows, with $463 million withdrawn in the 24 hours following the hack. Bitget is reopening withdrawals in stages, starting with Bitcoin, while the company conducts a security review. The attack has been linked to North Korean hackers, similar to previous high-profile crypto thefts. The company aims to replenish its user protection fund, which has dropped below $200 million due to the incident. The overall impact of crypto thefts has been significant, with over $3.6 billion lost in the last 18 months across various platforms.

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Timeline

2026-09-29
Bitget announces hack and withdrawal suspension
Bitget reported unauthorized transfers leading to a loss of $351.6 million and suspended withdrawals as a precaution.
Internationalfinance
2026-09-30
Bitget experiences massive outflows
The exchange recorded $463 million in net outflows following the hack, marking the largest one-day outflow since monitoring began.
Pymnts

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Common questions

What was the total loss from the hack?
Bitget reported a loss of approximately $351.6 million due to the hack.
How are customer withdrawals being handled?
Withdrawals are suspended temporarily and will be reopened in stages, starting with Bitcoin.
What measures is Bitget taking post-hack?
Bitget is conducting a security review and aims to replenish its user protection fund, which has decreased significantly.