---
title: "Cryptocurrency Exchange Bitget Confirms Massive Hack and $351 Million Loss"
description: "Cryptocurrency exchange Bitget has confirmed a massive cyberattack on its hot wallets, resulting in losses of $351.6 million, though user funds will be fully compensated from the internal fund."
date: 2026-09-25T15:42:39.000Z
lang: en
url: https://xab.info/en/posts/cryptocurrency-exchange-bitget-confirms-hack-351-million
tags: [bitget, crypto-exchange, hacker-attack, security-breach, blockchain]
publisher: "XAB.info"
---

# Cryptocurrency Exchange Bitget Confirms Massive Hack and $351 Million Loss

![Logo and interface of cryptocurrency exchange Bitget following the hacking attack](https://xab.info/media/2026/09/25/birzha-bitget-podtverdila-hakerskuyu-ataku-na-351-million-dollarov/birzha-bitget-podtverdila-hakerskuyu-ataku-na-351-million-dollarov-1.webp)

## 🎯 Key Points

- The cyberattack on Bitget occurred on September 24, 2026, at 18:31 UTC.
- Losses from the hot and warm wallet breach are estimated at approximately $351.6 million.
- Cold storage remained secure, and losses will be covered by a platform fund exceeding $464 million.
- Withdrawals are temporarily suspended while spot trading and deposits operate normally.

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.

## 🔍 Fact-Check Verification

- [Биржа Bitget подтвердила масштабную хакерскую атаку и кражу средств с горячих кошельков на сумму 351 миллион долларов](https://www.goha.ru/birzha-bitget-podtverdila-masshtabnuyu-hakerskuyu-ataku-i-krazhu-sredstv-s-goryachih-koshelkov-na-summu-351-million-dollarov-lrVD91) - Официальные данные о дате атаки, сумме ущерба в 351.6 млн долларов, защите холодных кошельков и покрытии из внутреннего фонда.

## ❓ FAQ

### Q: What amount was stolen in the Bitget hack?
**A:** According to preliminary data, the losses amounted to approximately $351.6 million.

### Q: Were regular users' funds affected by the breach?
**A:** No, user funds remain safe as the losses will be entirely covered by the platform's internal protection fund.