Bitget Resumes Withdrawals Following $388 Million Security Breach

Bitget has begun a phased restoration of withdrawal services after a September 24 security breach resulted in the theft of approximately $388 million from its operational wallets. The exchange, which saw its reserves drop to $5.7 billion, is covering the losses through its User Protection Fund. Bitcoin, Ethereum, and USDT withdrawals have been restored, with remaining assets expected to follow by October 2. Bitget is currently working with Mandiant and SlowMist to investigate potential links to North Korean hacking groups.