Bitget Users Report Withdrawal Issues Amid Large On‑Chain Transfers

Several Bitget users have raised concerns after experiencing blocked withdrawals on the platform. Concurrently, blockchain analytics reveal a rapid series of large transfers totaling approximately $176 million from wallets identified as belonging to the exchange.

On‑Chain Activity

Data from Arkham Intelligence indicates that multiple wallets labeled as Bitget hot wallets and at least one cold wallet sent a variety of assets to a single address (0x770b...63Ee) within a roughly 20‑minute window. The assets moved include ETH, AVAX, BNB, USDT, USDC and XAUT.

User Reports

Social‑media posts from Bitget users describe withdrawals being blocked or delayed. Some users also claim that portions of the transferred assets were swapped into ETH, though this detail has not been independently verified.

Exchange Response

Bitget has not yet issued an official statement confirming the nature of the transactions or addressing the speculation of a security breach.

Potential Interpretations

The pattern of multiple wallets sending different assets to the same address in a short period resembles behavior observed in exchange hacks. However, similar movements can also occur during internal fund reallocation, such as wallet maintenance or custody adjustments.