CryptoUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read
Bitget Restores Operations and Deploys $309M Protection Fund After Security Breach
Key Facts
1Bitget announced its protection fund reached $309M to absorb the financial impact of the recent security incident.
2The exchange restored access to Bitcoin, Ether, and USDt, with all token withdrawals scheduled to resume Friday.
Bitget announced its protection fund reached $309 million to absorb the financial impact of a recent security incident. Cointelegraph reported that the fund is being deployed to mitigate losses that totaled approximately $388 million.
The exchange restored access to Bitcoin, Ether, and USDt, with all token withdrawals scheduled to resume Friday according to Tokenpost. These measures are part of the platform's efforts to restore user liquidity and confidence following the security breach.
Latest Updates · 1
- Notable·
Update: Chainflip rejected a deposit attempt linked to the Bitget theft, returning the funds instead of allowing the swap to proceed. This intervention hindered the attackers' efforts to move the stolen assets through cross-chain protocols.