Bitget schedules Bitcoin withdrawal restart for Sep. 28 after $387.5 million breach

  • Bitget scheduled Bitcoin withdrawal resumption after suspending services over unauthorized wallet transfers.
  • Approximately $387.5 million was transferred to attacker-controlled addresses, according to Bitget's later estimate.
  • Bitget scheduled Ether, USDT and remaining withdrawal services to reopen through Oct. 2.

Bitget plans to reopen Bitcoin withdrawals at 08:00 UTC on Sep. 28, four days after unauthorized transfers from some of its wallets prompted a suspension. Ether withdrawals are scheduled to resume on Sep. 29 across five named networks, followed by USDT withdrawals on Sep. 30 across four networks. Withdrawals for other tokens, fiat currency services and peer-to-peer transactions are scheduled for Oct. 2. Bitget said it fixed the vulnerabilities linked to the incident and is conducting additional checks, with Mandiant, a cybersecurity firm owned by Google, and blockchain security company SlowMist assisting the investigation. The exchange's reported estimate of assets transferred to attacker-controlled addresses rose from about $351.6 million to approximately $387.5 million after Zcash and TRON assets were included. Bitget said customer balances remained accurate and that its protection fund, which held more than $464 million during the pause, would cover the financial impact. Trading and deposits continued, while the exchange advised customers to follow official notices and said no action was required before withdrawals resumed. Chief Executive Gracy Chen previously cited possible similarities to North Korean activity but did not identify the attacker. Separately, security researcher Taylor Monahan traced USDC movements linked to the attacker, prompting questions about whether Circle could freeze the funds; the public account did not establish whether Circle received a legal order.

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Bitget schedules Bitcoin withdrawal restart for Sep. 28 after $387.5 million breach - CoinPost Terminal