Bitget Hot Wallet Security Incident: Withdrawals Temporarily Suspended

Bitget published a security notice about an incident involving some hot wallets on September 24,

According to Bitget, the estimated value of affected funds was approximately 351.6 million US dollars. The exchange said its cold wallets remained secure and that it would cover the full loss through its User Protection Fund, which it described as exceeding 464 million US dollars. These are statements from Bitget's notice and had not been independently verified in the announcement.

Service status and response

Bitget said deposits and trading remained operational, while withdrawals were temporarily suspended as the team conducted an emergency review. The exchange said it had identified and reported relevant addresses, and was working with law-enforcement agencies and on-chain security firms.

Bitget said it would provide hourly updates and publish a full report within 24 hours. The notice did not make a final determination about the attack vector, so this article does not infer how the incident occurred.

Users should check Bitget's official status updates before attempting a withdrawal. Service availability, compensation arrangements, and further findings may change as the investigation progresses.