Bitget Increases Hack Loss Estimate to $387.5 Million as Accounting Expands

Bitget has raised its estimate of the financial impact from the recent hot‑wallet breach to $387.5 million. The revised figure follows a broader accounting effort that now includes additional digital assets.

Key assets affected

Analysis of the breach shows that XRP and ether represent the majority of the traced outflows. The exchange is also incorporating Zcash and TRON into its ongoing accounting process.

Withdrawal status

All user withdrawals remain paused as Bitget works to complete its audit and assess the full scope of the loss.

Next steps

• Continue expanding the asset accounting to capture all affected tokens.
• Provide updates to users as more information becomes available.
• Implement additional security measures to prevent future incidents.