on-chain movement

Bitget Disables Withdrawals For Every Asset After $165 Million Moves To One Address

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Bitget’s wallets sent about $165 million to one address across Ethereum, Arbitrum, Optimism, and Base on Sept. 24. After that transfer, withdrawals were listed as disabled across the exchange’s asset and network entries, while deposits and spot trading stayed online.

Key claims & sources

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On Sept. 24, wallets labeled as belonging to Bitget moved about $165 million to the same address across Ethereum, Arbitrum, Optimism, and Base.
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Roughly 90 minutes after the last of those transfers, Bitget’s public API showed withdrawals as disabled for every asset and network it returns.
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Bitget later had withdrawals disabled across 4,930 asset-network entries.
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Deposits and spot trading remained online while withdrawals were halted.

What it means

Bitget users and anyone trying to move assets out of the exchange notice the change immediately because withdrawals were listed as disabled, while deposits and spot trading stayed available. That means activity inside the platform continued in some forms even as outbound movement was halted.

Market reaction i

EthereumETH the event is about this asset
first headline
-0.1% 2 h before
-0.3% 4 h after
$2,691price at publication
13data points

Coverage timeline

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Sep 24 21:42