Bitget confirms over $350M breach and temporarily pauses withdrawals
Bitget confirmed unauthorized transfers totaling about $351.6 million and paused withdrawals while keeping deposits and trading active. It said the affected funds came from hot or warm wallets, while cold wallets and user funds remained protected. The exchange also said some hacker addresses were frozen, and several reports said its protection fund or user protection fund covered the reported loss. [5800][5802][5810][5853][6326]
Key claims & sources
What it means
Users and traders on Bitget are the main group affected today because withdrawals were paused while deposits and trading stayed active. That means people could still use the platform in some ways, but not move funds out in the usual way during the review.
In practice, the breach changes which wallets can be touched and which remain outside the incident. Bitget said the transfers involved hot or warm wallets, while cold wallets stayed safe and its protection fund was said to exceed the reported loss. (per tokenpost.com)
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Coverage timeline
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Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 4.0 years ago | FTX · Phishing incident | $450M |
| 5.9 years ago | OneCoin · Scam incident | $440M |
| 44 days ago | Bitget · Internal system compromise incident | $351.6M |
| 4.8 years ago | Portal · Signature Verification Flaw incident | $326M |
| 2 months ago | Liquid Network · Unbacked Cross-Chain Mint incident | $320M |
4282 incidents stored · 22 were as large as this one or larger ($387.5M)