Bitget Confirms $351.6 Million Hot Wallet Breach, Temporarily Suspends Withdrawals

Cryptocurrency exchange Bitget reported a security breach involving unauthorized transfers from its hot wallets on September 24, 2026, at 18:31 UTC. While cold wallets remain secure and most assets are unaffected, the exchange has temporarily suspended withdrawals to conduct a comprehensive security review. Bitget stated that user funds are protected by its $464 million User Protection Fund and that it is working with law enforcement and security partners to investigate the incident.