hack or exploit

Bitget Issues Security Update as BTC Withdrawals Resume

0Importance
closedStatus
2News media
2Pieces
Published
Updated
Since then
2 new reports

Bitget reopened Bitcoin withdrawals after a temporary pause, and the exchange said withdrawals were live again while other assets would return in phases. By early Sept. 28, it said it had processed thousands of BTC withdrawal requests, and later reported that a larger wave of withdrawal orders had been handled with no backlog. Separate coverage described the post-reopening outflow in Bitcoin terms and tracked some of the movement path used for the stolen funds.

Key claims & sources

✓
By 4:50 a.m. ET on Sept. 28, Bitget said it had processed 7,683 BTC withdrawal requests totaling about 3,609 BTC, with no backlog in withdrawal orders.
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Bitget said Bitcoin withdrawals were live again after a temporary pause, and that other assets would come back in phases.
✓
The exchange later said it had processed 9,585 withdrawal orders totaling 4,098.036 BTC as of 17:00 UTC+8.
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Another report said Bitget saw 3,326 BTC leave in the first hour after Bitcoin withdrawals reopened.
✓
Automated orders moved assets to prepared Chainflip deposit addresses before the assets were swapped into Bitcoin through cross-chain routes.

What it means

Bitget users who wanted to move Bitcoin had access again once withdrawals reopened, while holders of other assets were still waiting for phased returns. Anyone watching the exchange that day would have seen withdrawal activity resume and continue to build through the morning and later hours.

Before the reopening, Bitcoin withdrawals were paused; after it, the exchange was processing large volumes of withdrawal requests and reporting no backlog. The broader mechanics of the movement also changed for the tracked funds, which were sent through prepared Chainflip deposit addresses before being converted into Bitcoin.

Market reaction i

BitcoinBTC the event is about this asset
first headline
0.0% 2 h before
+0.7% 4 h after
$82,933price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 28 21:00
The Coin Republic scoop
Breaks the event: $387.5M and $300M
+21 h 19 m
Sep 29 18:18
Crypto Briefing context
Its angle: significant, preference, highlights

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