Bitget Restores Protection Fund to $300 Million Following Security Breach

Bitget has replenished its Protection Fund to over $300 million, one week after a security incident on September 24, 2026, resulted in approximately $388 million in unauthorized outflows. The breach involved assets including ETH, AVAX, and BNB. CEO Gracy Chen confirmed that the fund successfully absorbed the losses, ensuring user balances remained unaffected. The exchange is currently working with security firms Mandiant and SlowMist to investigate the server-level intrusion.