Bitget to Reveal Withdrawal Resumption Plan After $387.5M Hack

Bitget, a cryptocurrency exchange, has been hit by a significant hack that affected an estimated $387.5 million in digital assets.

The exchange announced on its official X account that it will reveal its withdrawal resumption plan by 1 p.m. Korea Standard Time on September 26.

To recover the affected assets, Bitget has launched a Recovery Bounty Program that involves collaborating with participants from the on-chain ecosystem, including exchanges, blockchain projects, security researchers, and investigative firms.