Bitget Raises Loss Amount to $387.5 Million After Security Incident

Cryptocurrency exchange Bitget has revised its confirmed loss amount upwards following a recent security incident. According to CEO Gracy Chen, the total amount of assets confirmed to have been transferred to addresses controlled by the attackers is now approximately $387.5 million.

This figure was previously reported as $351.6 million. The increase was not due to a new attack but rather because additional Zcash (ZEC) and TRON (TRX) assets were identified during on-chain tracking.

Bitget has announced that it will reveal its plan for resuming temporarily suspended withdrawals by 04:00 UTC on September 26. Chen stated that the exchange is continuing its security reviews and recovery efforts after the incident was brought under control.