Bitget Hacker Moves $1.23M through Binance in Latest Heist Phase

The hacker behind the massive Bitget security breach has started moving money through Binance, withdrawing $1.23 million from the exchange and routing it to a wallet linked to the hack.

This marks a new phase in what has become one of the largest crypto heists of 2026, with investigators now racing to trace funds across multiple blockchain networks.

The original breach, detected on September 24 at 18:31 UTC, resulted in unauthorized transfers totaling as much as $387.5 million from Bitget's hot and warm wallets.

Law enforcement agencies have been notified, and cybersecurity firms Mandiant and SlowMist are assisting in the investigation, which has already identified additional unauthorized transfers that revised initial loss estimates upward to $387.5 million.