Bitget Estimates Stolen Funds Reach $387.5 Million Following Security Breach

Bitget has updated its estimate of losses from the September 24, 2026, security breach to $387.5 million, up from the initial $351.6 million. The exchange clarified that this increase reflects a more comprehensive accounting of assets, including those on the Zcash and TRON networks, rather than a new wave of theft. Affected assets include XRP, Ether, USDT, ZEC, USDC, XAUt, BNB, AVAX, and TRX. While hot and warm wallet infrastructure was impacted, cold wallets remain secure. Bitget has suspended withdrawals, engaged Mandiant and SlowMist for investigations, and initiated a recovery bounty program, with some assets already frozen through industry cooperation.