WuBlockchain
Bitget began a phased resumption of withdrawals after its September 24 security incident, reopening BTC withdrawals on the Bitcoin network at 08:00 UTC on September 28. The exchange said it had remediated the vulnerability, identified no further unauthorized transfers since containment, and confirmed user account balances remained unaffected.
Why it matters
Restoring withdrawals is a key step in responding to a security incident, but users and markets will also watch whether the exchange's assurances hold as services resume. Bitget CEO Gracy Chen previously said the company would replenish its Protection Fund to its $300 million baseline within a week.
Market impact
The restart restores BTC withdrawals over the Bitcoin network, but the seed does not say that all withdrawal services have resumed. The Protection Fund commitment and continued incident response remain central to confidence in Bitget's handling of the breach.
Frequently asked questions
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When did Bitget reopen BTC withdrawals on the Bitcoin network?
Bitget reopened BTC withdrawals at 08:00 UTC on September 28 as part of a phased resumption after the September 24 security incident.
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What did Bitget say about the vulnerability?
Bitget said the vulnerability had been remediated and that no further unauthorized transfers had been identified since containment.
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Were Bitget user account balances affected?
Bitget said user account balances remained unaffected by the security incident.
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What Protection Fund commitment did Gracy Chen make?
Bitget CEO Gracy Chen previously said the company would replenish the Protection Fund to its $300 million baseline within a week.
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Does the BTC withdrawal reopening mean all withdrawals resumed?
No. Bitget described the resumption as phased and specifically announced the reopening of BTC withdrawals on the Bitcoin network.
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