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Bitget had limited time to contain hack before large funds moved

Security firm analysis tied the biggest outflows to hot and warm wallet bursts that began after Bitget’s initial alert at 18:31 UTC on Sept. 24.

Reported · Written up by our desk · Market Structure

Bitget detected unauthorized wallet transfers about 30 minutes before attackers began draining hundreds of millions of dollars from the exchange, raising questions about why its response did not stop the early outflows, according to CryptoSlate.

Hypernative’s reconstruction shows that most losses occurred later, with $87.6 million leaving Bitget hot wallets at 19:01 UTC and another $202.8 million leaving warm wallets at 19:16 UTC. Those two bursts finished within 24 seconds and accounted for about three-quarters of the $387.5 million Bitget later said was moved to attacker-controlled addresses.

The timeline implies Bitget had roughly half an hour after its systems flagged the unauthorized activity and about 45 minutes before the largest transfer burst. CryptoSlate also noted that attention may shift from how attackers gained access to how the exchange handled its emergency protocols after its own detection.

Hypernative said the attacker initially tested the compromised route at 18:31 UTC with transfers of 0.84 ETH and 93, as described in the analysis highlighted by CryptoSlate.

Latest closeEthereum $2,685.04 ▼0.1%

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