Bitget Restores Bitcoin Withdrawals After Hack

Crypto exchange Bitget has resumed Bitcoin withdrawals after a security breach last week that impacted nearly $388 million in assets. The exchange initially halted outflows while it verified which wallets and networks were affected, confirming that the attacker continues to move stolen crypto through THORChain.

Bitget attributed the delay to restored withdrawals infrastructure and ongoing security checks. More networks and asset types are expected to be reinstated over the next several days.

The exchange updated its estimate of stolen funds, revising the figure from $351.6 million to $387.5 million after accounting for additional transfers involving Zcash and Tron.

Bitget's CEO Gracy Chen explained that Bitcoin withdrawals were restored first because the relevant withdrawal pipeline was completed earlier than other workflows. Ether (ETH) and USDT are scheduled to resume on Tuesday and Wednesday, respectively.