Bitget Raises Estimated Loss to $387.5 Million After Cryptocurrency Exchange Breach

Bitget, a cryptocurrency exchange, has revised its estimated loss from last week's security breach to approximately $387.5 million.

This is up from an earlier estimate of $351.6 million and reflects a more complete accounting of assets transferred to attacker-controlled addresses.

The breach occurred on September 24, with Bitget pausing withdrawals immediately.

The exchange has outlined a phased schedule for restoring withdrawals, which will begin on September 28 for Bitcoin, followed by Ethereum on September 29 and USDT on September 30.

Other tokens and fiat currencies will be restored on October 2.