Bitget Reopens Bitcoin Withdrawals as Protection Fund BTC Moves
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Bitget said its Sept. 24 security incident was tied to a third-party vulnerability, and later said attackers used stolen internal credentials to forge withdrawal requests while private keys and cold wallets were not affected. The exchange then isolated affected systems, repaired the vulnerability, and began restoring withdrawals in stages, starting with bitcoin on Sept. 28. Separate updates put the affected amount at about $387.5 million and described the withdrawal restart as the first step after the freeze.
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What it means
Before these steps, the exchange said it isolated affected systems, reissued internal credentials, and added independent verification for later withdrawals. In practice, that means the withdrawal process now includes extra checks that were not there before, while the exchange also said the private keys and cold wallets were not affected. What remains in place is the staged restart itself, with different assets returning on different dates rather than all at once. (per tokenpost.com)
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