Bitget Confirms Security Breach Involving $351.6 Million

Bitget reported an unauthorized transfer from its hot wallets detected at 2:31 a.m. on September 25. The exchange stated that approximately $351.6 million was affected, while cold wallets and the majority of platform assets remain secure. Bitget confirmed that the loss is fully covered by its $464 million user protection fund. Withdrawal services have been temporarily suspended for security checks, while deposits and trading remain operational. The exchange is working with law enforcement and security firms, with a full incident report expected within 24 hours.