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#bitgethacked

bitgethacked

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kayes301
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Bitget Hack Update: Loss Revised to $387.5M Crypto exchange Bitget has revised its hack loss estimate upward to approximately $387.5 million, up from an initial $351.6 million reported on September 24, 2026, after on-chain tracing uncovered additional stolen Zcash (ZEC) and Tron (TRX) assets. CEO Gracy Chen confirmed the breach came from a compromised backend wallet system that spoofed transfer data to trigger Bitget's own authorization process — private key compromise has been ruled out. Cold wallets stayed secure throughout, and deposits and trading remain online; withdrawals are still paused pending a security review, with a withdrawal plan expected by 04:00 UTC on September 26. On-chain trackers report the attacker has been laundering portions of the stolen ETH, converting some into BTC through cross-chain routes. Bitget's User Protection Fund holds over $464 million, though the revised loss narrows that cushion to roughly $76.5 million before any recovered funds are factored in. Binance, Bybit, and security firms including Mandiant and SlowMist are assisting recovery efforts, and Tether has already frozen a portion of the stolen USDT. Market-wide impact has stayed contained, with BTC and ETH prices largely unaffected. This remains a developing story. Not financial advice. Informational purposes only. $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) #BitgetHacked
Bitget Hack Update: Loss Revised to $387.5M

Crypto exchange Bitget has revised its hack loss estimate upward to approximately $387.5 million, up from an initial $351.6 million reported on September 24, 2026, after on-chain tracing uncovered additional stolen Zcash (ZEC) and Tron (TRX) assets.

CEO Gracy Chen confirmed the breach came from a compromised backend wallet system that spoofed transfer data to trigger Bitget's own authorization process — private key compromise has been ruled out. Cold wallets stayed secure throughout, and deposits and trading remain online; withdrawals are still paused pending a security review, with a withdrawal plan expected by 04:00 UTC on September 26.

On-chain trackers report the attacker has been laundering portions of the stolen ETH, converting some into BTC through cross-chain routes. Bitget's User Protection Fund holds over $464 million, though the revised loss narrows that cushion to roughly $76.5 million before any recovered funds are factored in.

Binance, Bybit, and security firms including Mandiant and SlowMist are assisting recovery efforts, and Tether has already frozen a portion of the stolen USDT. Market-wide impact has stayed contained, with BTC and ETH prices largely unaffected.

This remains a developing story. Not financial advice. Informational purposes only.
$BTC

$ETH

#BitgetHacked
Bitget needs to tighten their security measures more. My condolences to those affected by the incident #BitgetHacked
Bitget needs to tighten their security measures more.
My condolences to those affected by the incident
#BitgetHacked
206 Atlas:
Agreed. The vector matters more than the headline for fixing this.
#BitgetHacked CEO confirms 351M $ hacked and suspects NorthKorean Hackers. Amount was converted in $ETH . so kind of liquidty for $ETH 😅😅😅😅
#BitgetHacked CEO confirms 351M $ hacked and suspects NorthKorean Hackers. Amount was converted in $ETH . so kind of liquidty for $ETH 😅😅😅😅
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