Bitget Resumes Withdrawals After $388 Million Security Breach
- Bitget has resumed Bitcoin withdrawals after a security breach on September 24 that affected nearly $388 million in assets.
- The breach compromised part of Bitget’s hot and warm wallet infrastructure, while cold wallets remained secure.
- Withdrawals for Ethereum (ETH) are scheduled to resume on Tuesday, followed by Tether’s USDt (USDT) on Wednesday.
- The attacker is reportedly moving stolen crypto through THORChain by swapping ETH for Bitcoin.
- THORChain stated that its network halt mechanism cannot selectively freeze specific funds or addresses linked to the attack.
Following the security incident, Bitget has implemented a structured withdrawal schedule for users, ensuring no priority access for any group. The exchange clarified that the total amount affected was revised from $351.6 million to $387.5 million due to additional transfers identified.
As of now, withdrawals for Bitcoin have resumed, with Ethereum and USDT set to follow shortly in response to ongoing security checks and user concerns about the recent breach.(Source)
