Major global cryptocurrency exchange Bitget has encountered an unprecedented security incident detected by monitoring systems on September 24, 2026, at 18:31 UTC. As a result of the cyberattack, malicious actors managed to gain unauthorized access to the platform's hot and warm wallets, withdrawing significant volumes of digital assets.
Incident Details and Scale of Damage
According to preliminary official estimates from the exchange's management, the total amount of stolen funds is approximately $351.6 million. However, the platform's critical security architecture performed as expected: cold storage facilities, which hold the bulk of client funds, remained completely isolated and secure from the breach.
Response Measures and Protection of User Assets
Company representatives promptly issued statements emphasizing that ordinary users' funds will not be affected. The resulting financial gap will be fully covered by the platform's specialized internal protection fund, which currently exceeds $464 million, allowing the company to guarantee full compensation for all losses.
Current Exchange Status and Investigation
As immediate emergency measures, the security team temporarily suspended digital asset withdrawals, blocked addresses associated with the transfer of stolen funds, and handed over all materials to law enforcement agencies. Meanwhile, deposits and spot trading continue to function normally, and the technical team has promised to publish detailed updates as the investigation progresses.
