USDT
+0.0%Bitget raises theft estimate to 387.5 million dollars and details withdrawal restarts
Image: BeInCryptoBitget raised its security breach loss estimate to $387.5 million after including assets across multiple networks. The exchange stated that attackers compromised a backend system and triggered its authorization process. Mandiant and SlowMist are investigating the incident. Bitget plans to resume BTC withdrawals on September 28, followed by ETH and USDT. The exchange maintains that user account balances remain intact and that protection arrangements cover the impact.
Key points
- Bitget confirmed a total loss estimate of $387.5 million from the security breach.
- Independent teams from Mandiant and SlowMist are participating in the ongoing investigation.
- Bitget stated that customer account balances remain intact and protection funds cover the impact.
Why it matters
The security breach directly halts customer withdrawals across multiple networks, forcing users to wait for a phased restart schedule while investigators examine the compromised backend system.
What's unclear
CEO Gracy Chen suspects North Korean involvement while the initial entry point remains undisclosed.
Price context · BTC
At publication
$84,544.00
Now
$84,723.00
Change since
+0.21%
7 days · dashed line = publication
Sources · 3 publishers
The Defiant
Tier 1
Bitget Raises Hack Estimate To $387.5 Million As Token Accounting Widens
NewsBTC
Tier 2
Bitget Raises Hack Estimate To $387.5M And Sets Withdrawal Restart Plan
Coverage timeline
- First reported by BeInCrypto
- Confirmed by The Defiant
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
