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Bitget Suffers $387.5M Hack Amid Record Q3 Trading Volume

Bitget Suffers $387.5M Hack Amid Record Q3 Trading Volume

First seen 2 Nov 2026, 15:43 UTC • •
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ThreatCluster AI
ThreatCluster •November 2, 2026 at 19:47 UTC
  • •Bitget reported a record $1.86 trillion trading volume in Q3 2026.
  • •A hack on September 24 resulted in a loss of approximately $387.5 million.
  • •The breach exploited zero-day vulnerabilities in third-party security appliances.

Bitget reported a record trading volume of $1.86 trillion for Q3 2026, but the quarter was marred by a significant security incident. On September 24, 2026, attackers exploited zero-day vulnerabilities in third-party security appliances to drain approximately $387.5 million from Bitget's hot and warm wallets. The breach was not mentioned in detail in Bitget's own Transparency Report, which focused on trading performance instead. Investigations by Mandiant and SlowMist confirmed that the attackers moved assets across 11 blockchains in under three hours. The breach is one of the largest exchange hacks of 2026, raising concerns about counterparty risk for finance professionals. Bitget's insurance pool was called upon to cover the losses from the incident, which highlights the need for improved security measures as the platform expands its offerings.

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Timeline

2026-09-24
Bitget hack occurs
Attackers exploited vulnerabilities to drain $387.5 million from Bitget's wallets, moving assets across 11 blockchains.
Financexmagazine
2026-11-02
Bitget Q3 2026 Transparency Report released
Bitget reported $1.86 trillion in trading volume but only briefly mentioned the September hack.
Financexmagazine

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Common questions

What was the financial impact of the hack?
The hack resulted in a loss of approximately $387.5 million from Bitget's hot and warm wallets.
How did the attackers gain access?
Attackers exploited zero-day vulnerabilities in third-party security appliances to access Bitget's wallets.
What measures is Bitget taking post-breach?
Bitget has not disclosed specific post-breach measures, but emphasizes the need for improved security as it expands.