Bitget Resumes Bitcoin Withdrawals Following $387 Million Security Breach

Bitget has initiated a phased restoration of withdrawal services following a security breach on September 24 that resulted in approximately $387.5 million in unauthorized transfers. The exchange resumed Bitcoin withdrawals on the Bitcoin network on September 28. Withdrawals for ETH are scheduled to follow on September 29, with USDT services resuming on September 30, and other tokens and fiat services set for October 2. Bitget maintains that customer balances remain unaffected and that its Protection Fund will cover the financial impact of the incident.