Bitget Hack Loss Estimate Rises to $387.5 Million as Recovery Efforts Intensify

Bitget has revised the estimated loss from its September 24 security breach to $387.5 million, up from $351.6 million, following the discovery of additional Zcash and TRON assets. CEO Gracy Chen confirmed the adjustment reflects previously unidentified transfers rather than new unauthorized activity. The exchange is collaborating with Mandiant and SlowMist to investigate the vulnerability, which has since been patched. Bitget is coordinating with industry partners, including Binance and Bybit, to freeze stolen funds and is utilizing the LazarusBounty platform to track the assets.