Bitget’s 47th monthly Proof of Reserves update reported a 131% total reserve ratio across 19 digital assets in a snapshot taken at 17:00 UTC+8 on September 29, 2026. The disclosure followed unauthorized transfers of approximately $387.5 million, also described as an estimated $388 million, from hot and warm wallets on September 24. CEO Gracy Chen said cold wallets and user balances were unaffected, and Bitget designated its Protection Fund to cover the incident’s financial impact. Bitget said the fund was replenished to more than $300 million after committing on September 28 to restore at least that amount within one week. A September 30 PANews report citing monitoring by Ai Yi said the fund held 3,705 BTC valued at approximately $307 million. That valuation differs from Bitget’s previously stated range of $382 million to $464 million, while recovery and compensation timelines remain undisclosed.