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2 clusters · 29 sources · 11 days · First seen 11 days ago · Last updated about 10 hours ago

Bitget exchange security and fund status

Overview

In August 2026, Bitget reported that its Protection Fund reached an average valuation of $382 million, bolstered by a Bitcoin rally that saw prices rise over 25% during the month. The fund, intended to safeguard user assets during market volatility, ended August at approximately $432 million.

On September 24, 2026, Bitget confirmed a major security breach involving the unauthorized transfer of approximately $351.6 million from its hot and warm wallet infrastructure. The incident was detected at 18:31 UTC and was contained within the hot and warm wallet layers; the exchange’s cold wallets remained secure. The stolen assets included Ethereum (ETH), Tether (USDT), USD Coin (USDC), Avalanche (AVAX), Binance Coin (BNB), and gold-backed XAUT.

CEO Gracy Chen clarified that the breach resulted from an infiltration of the wallet service’s core backend system, where attackers forged transaction data to trigger unauthorized authorization signatures. Chen emphasized that private keys were not leaked and that the incident has been contained. On-chain analysts noted the attacker moved assets across multiple networks and rapidly converted stablecoins into Ethereum to prevent issuers from freezing them.

In response, Bitget temporarily suspended all withdrawals to conduct a security review and has notified law enforcement while collaborating with on-chain security firms. CEO Gracy Chen stated that the company’s User Protection Fund, which holds over $464 million, is expected to cover the full extent of the losses, ensuring user funds remain safe. The exchange promised a full incident report within 24 hours.

Entities

Bitget · Gracy Chen · Arkham · Tether · Circle

Claims

What the coverage asserts, and how many sources carry each claim.

[● 12 SOURCES] Bitget confirmed a security breach on September 24, 2026, with estimated losses of approximately $351.6 million. airdropalert.com · www.spacemoney.com.br · news.bitcoin.com · www.blockmedia.co.kr · investinglive.com · +7 more
[● 11 SOURCES] Bitget founder Gracy Chen stated that user funds remain safe and the incident was contained to hot and warm wallet layers. airdropalert.com · news.bitcoin.com · www.blockmedia.co.kr · investinglive.com · portaldobitcoin.uol.com.br · +6 more
[● 8 SOURCES] The exchange's $464 million-plus protection fund is expected to cover the full extent of the losses. www.spacemoney.com.br · news.bitcoin.com · www.blockmedia.co.kr · investinglive.com · ambcrypto.com · +3 more
[● 8 SOURCES] The attacker moved assets including ETH, USDT, USDC, AVAX, BNB, and XAUT across multiple blockchain networks. airdropalert.com · www.spacemoney.com.br · livecoins.com.br · unchainedcrypto.com · www.blockmedia.co.kr · +3 more
[● 6 SOURCES] Bitget has temporarily suspended withdrawals while conducting a security review and plans to issue a full report within 24 hours. www.spacemoney.com.br · news.bitcoin.com · www.blockmedia.co.kr · investinglive.com · portaldobitcoin.uol.com.br · +1 more
[● 5 SOURCES] The attacker rapidly converted stolen stablecoins into Ethereum to prevent them from being frozen by issuers. airdropalert.com · livecoins.com.br · www.spacemoney.com.br · blockchainseoul.kr · coingape.com
[● 2 SOURCES] The hacker infiltrated the core backend system of the wallet service to forge transfer information and trigger authorization signatures. www.blockmedia.co.kr · www.blocktempo.com
[● 2 SOURCES] Bitget confirmed that private keys were not leaked during the incident. www.blockmedia.co.kr · www.blocktempo.com

Timeline

about 10 hours ago

[TECHNOLOGY] 26 sources
Bitget confirms $351.6 million security breach via hot wallet exploit
Bitget confirmed a $351.6 million security breach on September 24, 2026, affecting hot and warm wallets. The exchange has suspended withdrawals but stated that user funds are protected by its $464 million fund.
11 days ago

[BUSINESS] 3 sources
Bitget Protection Fund averages $382M in August amid Bitcoin rally
Bitget's Protection Fund averaged $382 million in August 2026, bolstered by a 25% rally in Bitcoin prices during the month.

Sources

ambcrypto.com · bitcoinethereumnews.com · bitcoinmagazine.com · bittimes.net · blockchainseoul.kr · blockmedia.co.kr · blocktempo.com · blogs.airdropalert.com · coindeskjapan.com · coindoo.com · coingape.com · criptoinforme.com · criptotendencias.com · cryptobreaking.com · cryptobriefing.com · decrypt.co · detlionblood32.wordpress.com · en.bitcoinsistemi.com · exame.com · forexlive.com · games.yahoo.com.tw · it-boltwise.de · livecoins.com.br · mycryptoparadise.com · news.bitcoin.com · portaldobitcoin.uol.com.br · qatarpress.qa · spacemoney.com.br · unchainedcrypto.com

This summary has been updated 2 times: see revision history