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Crypto

Bitget Hack Spills $391M in Bitcoin After Exchange Reopens Withdrawals

Guavy AI Editorial Team
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BTC
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Bitget, a cryptocurrency exchange, has seen nearly 5,000 BTC leave its tracked reserves after it reopened withdrawals following a $387.5 million hack on September 28.

The exchange's CEO, Gracy Chen, said that Bitget had processed 9,585 withdrawal orders totaling 4,098.036 BTC as of 17:00 UTC+8, shortly after it resumed Bitcoin withdrawals.

DeFiLlama data showed that Bitget's tracked Bitcoin balance fell to about 30,770 BTC from 35,412 BTC, a decline of roughly 4,642 BTC. At prevailing prices, the drop represents about $391 million of Bitcoin.

The exchange has attempted to reassure customers that the attack did not compromise its private keys or cold-wallet reserves.

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