Bitget Hacked for Estimated $350-387.5 Million, Withdrawals to Resume

Bitget cryptocurrency exchange suffered a significant security breach on September 24, resulting in an estimated $350 million to $387.5 million worth of cryptocurrencies being stolen from its hot and warm wallets.

The incident was detected at 18:31 UTC on September 24 after Bitget's security systems identified unusual outflows.

Investigators found that attackers gained access to a critical backend component within the exchange's wallet infrastructure and used spoofed transaction data to trigger legitimate authorization processes.

Beyond the initial $350 million figure, additional Zcash and Tron-related transfers were later identified, increasing the estimated losses.