Bitget pauses withdrawals after multi-chain attack, cites $464 million protection fund

  • Bitget paused withdrawals after an attack affected multiple chains and assets.
  • Bitget's $464 million protection fund can fully cover the attack losses.
  • Withdrawals will resume by chain and asset after repairs and security checks.

Bitget has paused withdrawals after an attack affected multiple blockchain networks and assets, rather than a single chain or token. The exchange said it is completing checks and validation before restoring withdrawals in stages, separately for each chain and asset after repairs and security verification. Xie Jiayin said the suspension was unrelated to Bitget's financial capacity. Bitget's protection fund is $464 million, enough to fully cover the losses from the attack, while its publicly disclosed proof of reserves stands at 127%.

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