Bitget Begins Phased Withdrawal Resumption Following $388 Million Hack

Bitget has initiated a phased restoration of withdrawal services, with Bitcoin (BTC) withdrawals enabled as of 8:00 UTC on September 28. The exchange, which suffered a $388 million security breach on September 24, confirmed that all vulnerabilities have been patched and that the User Protection Fund will fully cover user losses. Ethereum and USDT withdrawals are scheduled to resume on September 29, with full platform functionality expected by October 2. Bitget is offering a 5% bounty on recovered funds and is investigating the incident, which involved unauthorized transfers via a third-party security tool.