Bitget Sees $463 Million Net Outflow Following Hack and Withdrawal Resumption

Bitget recorded a net outflow of approximately $463 million over a 24-hour period as of September 29, 2026, marking the largest daily outflow since the exchange began tracking Proof-of-Reserves four years ago. The surge in withdrawals followed the platform's decision to resume services after a hack on September 24. The exchange's User Protection Fund dropped from over $464 million to below $200 million due to the incident. CEO Gracy Chen confirmed that the company intends to replenish the fund to over $300 million within one week using its own capital.