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Crypto

Bitget Resumes Crypto Withdrawals After $387.5 Million Breach

Guavy AI Editorial Team
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BTC
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Bitget has announced plans to resume crypto withdrawals after a $387.5 million security breach forced the exchange to suspend the service.

The first phase of withdrawal resumption will begin on September 28, when Bitcoin withdrawals will reopen on the native Bitcoin network.

Bitget's CEO Gracy Chen explained that the temporary withdrawal pause was a security measure and did not affect users' account balances.

In addition to resuming withdrawals, Bitget has launched an Asset Recovery Bounty Program offering up to 10% in total rewards for helping freeze and recover stolen funds.

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