Bitget Hack: $351 Million Drained as Withdrawals Freeze and Crypto Exchange Scrambles to Contain Fallout

The Bitget crypto exchange experienced a major security breach on 24 September 2026. Approximately $351.6 million in unauthorized transfers occurred from the exchange’s hot and warm wallet facilities. Withdrawals were suspended while deposits and trading functioned normally.

Bitget states that customer balances remain accurate and its protection fund can cover the estimated loss. Investigatory attention is focused on the backend compromise and asset transference, which may involve a North Korean connection.

Related: Bitget $351.6M Hack Probe Points to Backend Breach as Private-Key Leak Is Ruled Out At 18:31 UTC on September 24, 2026, Bitget’s security systems identified unauthorized transfers involving a limited number of hot wallets.Our security team immediately activated emergency response procedures and began a full investigation.

Based on our current assessment,… https://t.co/7xF5xW0JQ1— Bitget (@bitget) September 24, 2026 What Happened in the Bitget Hack? The Bitget security breach began as anomalous wallet transfers took place. Initial on-chain estimates captured only a portion of the total value.