CryptoMediumUpdated•Originally published 28 September 2026•Updated 28 September 2026•
1 min read
Bitget Resumes Phased Withdrawals Following Security Patch
Key Facts
1Bitget announced a phased resumption of withdrawals after patching the vulnerability that led to the exploit.
2The exchange confirmed that its user protection fund will fully cover the $388 million in losses from the incident.
Bitget announced a phased resumption of withdrawals after patching the vulnerability that led to a security exploit. Reuters reported that the exchange confirmed its user protection fund will fully cover the losses resulting from the incident.
The move follows the successful resolution of the technical flaw that allowed the breach to occur. By utilizing its internal protection fund, the exchange aims to ensure that users are not financially impacted as it works to restore full service stability.
Latest Updates · 1
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Update: Bitget revealed that the updated value of losses from the wallet breach reached $387.5 million. The exchange also scheduled the resumption of Bitcoin withdrawals for September 28, 2026.