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Bitget keeps withdrawals paused after $387.5 million breach update
Bitget said the breach involved unauthorized transfers reaching about $387.5 million, and that it later raised the estimate without indicating a new wave of theft.
Bitget said it has kept withdrawals suspended after a Sept. 24 wallet breach that it estimated involved about $387.5 million transferred to attacker-controlled addresses, according to CryptoSlate. The exchange said withdrawals remained paused in notices through Sept. 25, even as deposits and trading continued.
Bitget said its systems detected unauthorized transfers at 18:31 UTC on Sept. 24. In an initial notice, it put the affected amount at about $351.6 million and said the breach reached portions of its hot and warm wallet layers, while cold wallets remained secure.
In a Sept. 25 update, Bitget raised the estimated total moved to attacker-controlled addresses to about $387.5 million, including transfers involving Zcash and TRON. The exchange said the revision did not reflect a fresh wave of unauthorized transfers.
CryptoSlate also reported that Swiss bank Sygnum said eligible Bitget institutional clients could trade against collateral held at the Swiss bank instead of placing that collateral in Bitget wallets. Sygnum said its route is for institutional clients who onboard with its bank, and the companies have not disclosed how many Bitget clients use it or whether any Sygnum-held collateral was connected to the incident.