Bitget Losses Soar to $388 Million After Deep Dive into Security Breach

Bitget has revised its estimate of the damage from its recent security breach to $388 million, up from an initial assessment of $352 million. The increase in losses is due to additional compromised assets discovered on TRON and Zcash blockchain networks during deeper analysis.

The exchange plans a staged withdrawal reopening, with Bitcoin withdrawals resuming on September 28, followed by Ethereum network withdrawals on September 29. USDT withdrawals will be available on September 30, and complete restoration of all remaining cryptocurrency withdrawals is targeted for October 2.

Tether and Circle have frozen approximately $318,000 in stablecoins associated with attacker wallets. CEO Gracy Chen has indicated possible involvement by North Korea's Lazarus Group, though attribution remains unverified.