S&P 5007,675.92▼0.4% Nasdaq26,749.30▼0.7% Dow51,245.74▼0.5% Russell 2K2,826.40▼0.4% 10-Yr5.12%+1bp VIX15.69+0.51 WTI$95.27▲3.4% Gold$4,292.50▼0.6% EUR/USD1.138▼0.6% BTC$83,940▼0.5% Nikkei65,514▲0.8%
At close · Thu, Sep 24, 2026
Daily Market Updates.

Crypto

Home›Crypto›Market Structure›Bitget says hot wallet breach of $351.6 million will b…

Bitget says hot wallet breach of $351.6 million will be covered

The exchange said it paused withdrawals and reported that its cold wallets were unaffected.

Reported · Written up by our desk · Market Structure

Bitget said a security incident impacted its exchange hot wallets, with losses tied to the event totaling $351.6 million, according to The Block.

The exchange said its cold wallets were not affected and that private keys were not compromised, The Block and The Defiant reported.

Bitget also said it suspended withdrawals and that the incident will be covered through its User Protection Fund, which it described as holding more than $464 million, The Defiant reported.

← Newer storyAave founder disputes proposed onchain vault regulator categories

More like this

CryptoEthena begins equity-basis rollout for USDe via Binance integration
CryptoCoinGlass says it will keep operating independently after acquisition
CryptoCircle and Tether blacklisted a wallet tied to Bitget heist
CryptoTokenization adoption is outpacing regulatory progress, Cuomo says
CryptoTether confirms minimal exposure to EQIBank after $89M US seizure

Sources

The BlockBitget confirms $351.6 million security breach affecting exchange hot wallets
The DefiantBitget Suspends Withdrawals, Says $351.6 Million Affected In Hot Wallet Breach

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.