Bitget’s $388M Hack Linked to Activity Starting Aug. 31
The timeline places malicious activity more than three weeks before Bitget's hot wallets were drained, making the lead-up central to the investigation.
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The timeline places malicious activity more than three weeks before Bitget's hot wallets were drained, making the lead-up central to the investigation.
The reopening is a first step, not proof that customer transfers are completing. ETH, USDT and other services remain on a phased schedule.
The breach shifts scrutiny from initial access to incident response: Bitget’s own systems flagged unauthorized transfers before the largest losses began.
The increase from $351.6M reflects additional Zcash and TRON assets found during tracing, not new theft; Bitget has set a deadline for its withdrawal plan.
Bitget says its $464M-plus protection fund covers the loss, but withdrawals remain paused while the exchange reviews security and works to confirm a restart timeline.
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