Bitget Resumes Phased Withdrawals Following $387.5M Security Breach

Key Facts

1Bitget announced the reopening of crypto withdrawals following a security breach that resulted in a $387.5 million loss.

2Bitcoin withdrawals are set to resume on September 28, followed by Ethereum and USDT, with XRP expected by October 2.

Bitget announced the reopening of crypto withdrawals following a security breach that resulted in a $387.5 million loss, Coinpedia reported. Bitcoin withdrawals are set to resume on September 28, 2026, followed by Ethereum and USDT, with XRP services expected to return by October 2, 2026.

The exchange stated that the temporary withdrawal pause was a security measure and did not affect user account balances, while also launching a 10% bounty program for the recovery of stolen funds. This phased restoration aims to manage liquidity and secure the network as the platform recovers from the hack, which initially impacted assets across multiple networks.