Bitget has raised the confirmed value of assets sent to attacker-controlled addresses from $351.6 million to about $387.5 million. The exchange says it has found and fixed the underlying vulnerability. Withdrawals will return in stages, starting with Bitcoin on September 28 and continuing through October 2.
Bitget has released a major update on this week’s security breach, raising the confirmed amount transferred to attacker-controlled wallets and setting out a timetable for restoring withdrawals. The exchange now estimates the affected assets at roughly $387.5 million, up from its initial estimate of $351.6 million. Bitget says the increase reflects additional assets found during transaction tracing, not a second wave of unauthorized transfers.
The Vulnerability Has Been Patched, Bitget Says
According to the exchange, its security team has now identified the attack path and the method used to bypass existing controls. Bitget says the underlying vulnerability has been fixed and that no further unauthorized transfers are possible. Independent teams from Mandiant and SlowMist are taking part in the investigation.
The revised loss estimate covers assets across multiple networks, including Ethereum and other EVM chains, XRP Ledger, Zcash, and TRON. Bitget has also launched a recovery bounty program. Eligible parties whose voluntary actions directly lead to funds being frozen or recovered can receive a bounty calculated as a percentage of the assets secured. The exchange says some funds have already been frozen through coordination with industry partners.
Withdrawals Will Return In Stages
Bitget plans to reopen withdrawals gradually rather than turning everything back on at once. Bitcoin withdrawals are scheduled to resume first on September 28. Ether withdrawals across several supported networks are expected to follow on September 29, with USDT withdrawals set for September 30. Other tokens, fiat services, and peer-to-peer withdrawals are planned to return by October 2.
That timetable is now one of the most important operational tests following the breach. Bitget has maintained that customer account balances remain intact and that its protection arrangements cover the financial impact. Restoring withdrawals is where users get to test that assurance in practice.
The new $387.5 million figure also makes this a materially different story from the initial breach report. The incident itself has already been confirmed. Now the focus is shifting to remediation, asset recovery, and whether the exchange can reopen normally without creating another security problem. For Bitget, containing the attack was step one. Getting customers their withdrawal access back is the next one.
This article was written by the News Desk and edited by Samuel Rae.
Frequently Asked Questions
Here is a list of frequently asked questions regarding Bitgets recent security breach and withdrawal resumption plan
What exactly happened to Bitget
Bitget suffered a security breach where hackers accessed a specific wallet The exchange initially thought the loss was smaller but they have now confirmed the total stolen amount is approximately 3875 million
What does increased its estimate mean in this context
It means that when the hack first happened Bitget thought less money was stolen After doing a full audit and counting all the missing funds they realized the number was much higher3875 millionso they updated their public report
When will I be able to withdraw my money
Bitget has announced a plan to resume withdrawals They are currently securing the systems and checking the funds You should check Bitgets official website or app for the exact date and time withdrawals will be turned back on
Is my money safe if I keep it on Bitget
Bitget claims that user funds are safe and that they will cover the losses using their own reserves However for maximum security experts generally recommend moving your crypto to a private wallet once withdrawals are enabled
What is a hot wallet vs a cold wallet
A hot wallet is connected to the internet and is easier to hack A cold wallet is offline and is much harder for hackers to reach The hack likely targeted a hot wallet
Will Bitget reimburse users for the stolen funds
Yes Bitget has stated they will use their own money to make sure all users get their funds back You should not lose your balance because of this hack
What is a Proof of Reserves
This is a public report that shows how much money an exchange actually holds It proves they have enough assets to cover what users have deposited Bitget will likely release an updated report to prove they can cover the 3875 million loss
Why did they halt withdrawals in the first place
Exchanges stop withdrawals during a hack to prevent the hackers from moving the stolen money out and to stop panic selling It gives the security team time to lock the doors and figure out what happened
How do I know if my account was affected
Bitget will notify users directly if their specific wallet was compromised If