EL7.AI
CryptoUpdated•Originally published 28 September 2026•Updated 28 September 2026•
1 min read

Bitget Hack Forensics: 30-Minute Delay Enabled $290M Asset Movement

Key Facts

1Unauthorized transfers began at 2:31 p.m. ET, with major waves of movement occurring 30 to 45 minutes after initial detection.
2Hypernative reports indicated Bitget had a 30-minute window to contain the hack before $290 million in assets were moved.

Hypernative reports indicated that Bitget had a 30-minute window to contain its recent security breach before $290 million in assets were moved. Unauthorized transfers began at 2:31 p.m. ET, with major waves of asset movement occurring 30 to 45 minutes after the initial detection, according to CryptoSlate.

Details reported via TokenPost show that while systems detected activity at 2:31 p.m., the first major wave only began at 3:01 p.m., moving $87.6 million in 15 seconds. A second wave followed at 3:16 p.m., transferring $202.8 million from warm wallets, bringing the total moved during these two windows to approximately $290 million. The exchange stated its Protection Fund would cover the financial impact.

Latest Updates · 1

  1. Notable·

    Update: The hacker has commenced laundering the stolen funds, swapping $6.3 million worth of ETH for BTC via the THORChain protocol. This movement occurred after the decentralized network rejected a formal request from Bitget CEO Gracy Chen to freeze the addresses associated with the exploit.