Bitget Suspends Withdrawals Following $351.6 Million Unauthorized Outflow

Bitget confirmed that approximately $351.6 million in assets were transferred without authorization from its hot and warm wallets on September 24, 2026, at 18:31 UTC. In response, the exchange has suspended withdrawals, though deposits and trading remain operational. Bitget stated that its User Protection Fund, which holds over $464 million, will fully cover the losses. While the exchange reported the $351.6 million figure, blockchain analysts have currently tracked between $170 million and $190 million in outflows.