Breach detected Sep 24 18:31 UTC — hot-wallet infra — own approval system signed off theft — initial $351.6M → revised $387.5M after adding Zcash + TRON + XRP Ledger + EVM chains (not new theft, more complete trace)*
- *Fix: vulnerability identified + remediated — Mandiant (Google) + SlowMist validating — no further transfers possible per Bitget — trading/deposits never paused*
- *Phased reopen all 08:00 UTC:*
- Sep 28: BTC Bitcoin network
- Sep 29: ETH on Ethereum, BSC, Arbitrum, Base, Optimism
- Sep 30: USDT on Ethereum, BSC, Solana, Tron
- Oct 2: all other tokens + fiat + P2P — applies equally no preference**
- *Coverage: Protection Fund 5,500 BTC ∼$462-464M at $84k — covers full loss — loss = 84% fund — breakeven $70,455 BTC — if BTC drops 16% fund under water — Sep proof-of-reserves 135% across 19 assets 1:1 claimed — CEO Gracy Chen AMA Sep 28 07:30 UTC — bounty program % for freezing/recovery — Circle/Tether froze $318k ($218k USDT + $99k USDC) address "Exploiter 8" — some funds already frozen via partners — attribution Lazarus Group possible per Chen not confirmed — $388M ranks but < Bybit $1.5B Feb 2025*
- *Analyst note: order not random — fund held entirely BTC — opening BTC first nudges users swap holdings to BTC to withdraw → pay from reserve without market selling*
*BREAKING 🚨 Bitget confirms patch — BTC withdrawals resume Sep 28 08:00 UTC 🚀 Fix validated by Mandiant + SlowMist — $387.5M breach Sep 24 ($351.6M → $387.5M with ZEC/TRON added) — schedule: Sep 28 BTC, Sep 29 ETH (ETH/BSC/Arb/Base/OP), Sep 30 USDT (ETH/BSC/SOL/TRON), Oct 2 all tokens/fiat/P2P — trading never stopped — Protection Fund 5,500 BTC $464M covers loss — 135% PoR claimed — AMA Sep 28 07:30 UTC ⚡ $QNT $ONE $HBAR
- *Fix: vulnerability identified + remediated — Mandiant (Google) + SlowMist validating — no further transfers possible per Bitget — trading/deposits never paused*
- *Phased reopen all 08:00 UTC:*
- Sep 28: BTC Bitcoin network
- Sep 29: ETH on Ethereum, BSC, Arbitrum, Base, Optimism
- Sep 30: USDT on Ethereum, BSC, Solana, Tron
- Oct 2: all other tokens + fiat + P2P — applies equally no preference**
- *Coverage: Protection Fund 5,500 BTC ∼$462-464M at $84k — covers full loss — loss = 84% fund — breakeven $70,455 BTC — if BTC drops 16% fund under water — Sep proof-of-reserves 135% across 19 assets 1:1 claimed — CEO Gracy Chen AMA Sep 28 07:30 UTC — bounty program % for freezing/recovery — Circle/Tether froze $318k ($218k USDT + $99k USDC) address "Exploiter 8" — some funds already frozen via partners — attribution Lazarus Group possible per Chen not confirmed — $388M ranks but < Bybit $1.5B Feb 2025*
- *Analyst note: order not random — fund held entirely BTC — opening BTC first nudges users swap holdings to BTC to withdraw → pay from reserve without market selling*
*BREAKING 🚨 Bitget confirms patch — BTC withdrawals resume Sep 28 08:00 UTC 🚀 Fix validated by Mandiant + SlowMist — $387.5M breach Sep 24 ($351.6M → $387.5M with ZEC/TRON added) — schedule: Sep 28 BTC, Sep 29 ETH (ETH/BSC/Arb/Base/OP), Sep 30 USDT (ETH/BSC/SOL/TRON), Oct 2 all tokens/fiat/P2P — trading never stopped — Protection Fund 5,500 BTC $464M covers loss — 135% PoR claimed — AMA Sep 28 07:30 UTC ⚡ $QNT $ONE $HBAR
