Bitget prepares to resume withdrawals after hack, timing remains unclear

  • Bitget is preparing to resume withdrawals suspended after a hack.
  • Gracy Chen said some stolen funds were recovered, without disclosing the amount.
  • Bitget said it completed measures to prevent further damage and expects no additional attacks.

Bitget is preparing to resume withdrawals suspended after a hack, although CEO Gracy Chen said no exact timetable has been set. The investigation indicates the attacker may have bypassed parts of the exchange’s system to execute withdrawals instead of exploiting a private-key leak, a credential compromise that can authorize transactions. Bitget said it has completed measures intended to prevent further damage and does not expect additional attacks. Chen also said a North Korean hacking group could be responsible, citing IP addresses that matched VPN choices used by a specific North Korean hacking organization and similarities to previous attacks linked to North Korea. Some stolen funds have been recovered, but Bitget has not disclosed the amount.

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