Bitget Hack Timeline: How Its Own System Approved a $387 Million Theft

Bitget has confirmed that attackers stole $387.5 million from its exchange wallets on September 24. Withdrawals still remain suspended, while the company says its protection fund covers the loss. Mandiant and SlowMist are investigating.

CEO Gracy Chen suspects North Korean involvement, although the initial entry point remains undisclosed. So, how did the hack potentially take place?

BeInCrypto has structured a timeline based on publicly available info.  September 24, 18:31 UTC: Bitget Detects Unauthorized Transfers Bitget says its security systems detected the transfers at 18:31 UTC and activated emergency procedures within minutes.

The breach affected parts of its hot and warm wallets, which support exchange operations. Its offline cold wallets remained secure, according to the company. The detection time does not establish when attackers first gained access.