{"id":51849,"date":"2026-09-26T04:30:00","date_gmt":"2026-09-26T04:30:00","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51849"},"modified":"2026-09-26T04:30:00","modified_gmt":"2026-09-26T04:30:00","slug":"bitget-confirms-351-6m-hot-wallet-breach-and-pauses-withdrawals","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51849","title":{"rendered":"Bitget Confirms $351.6M Hot Wallet Breach And Pauses Withdrawals"},"content":{"rendered":"<ul>\n<li>Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet infrastructure.<\/li>\n<li>The exchange says its cold wallets were not affected and its $464 million-plus User Protection Fund covers the loss.<\/li>\n<li>Withdrawals have been temporarily suspended while Bitget investigates the breach with law enforcement and security firms.<\/li>\n<\/ul>\n<p>**ID:** N25-10<\/p>\n<p>**Site:** NewsBTC<\/p>\n<p>**Status:** READY<\/p>\n<p>**Author:** NewsBTC Editorial Team<\/p>\n<p>**Focus Keyword:** Bitget<\/p>\n<p>**Image Keyword:** Security<\/p>\n<p>**Category:** Technology<\/p>\n<p>**Tags:** Bitget, Security, Hack, <a href=\"https:\/\/www.newsbtc.com\/glossary\/exchange\/\">Exchange<\/a>, <a href=\"https:\/\/www.newsbtc.com\/glossary\/wallet\/\">Wallets<\/a><\/p>\n<p>**Primary Source:** https:\/\/www.bitget.com\/support\/articles\/<\/p>\n<h2>Bitget Says Cold Wallets And Customer Balances Remain Secure<\/h2>\n<p>According to Bitget\u2019s security notice, the incident was contained to part of its hot and warm wallet layers.<\/p>\n<p>Cold wallets were not compromised.<\/p>\n<p>The exchange says customer balances remain accurate and that the entire estimated loss falls within its User Protection Fund, which currently holds more than $464 million.<\/p>\n<p>Withdrawals have been temporarily suspended while the security review continues.<\/p>\n<p>Deposits and trading remain available.<\/p>\n<p>Bitget says it has identified and flagged abnormal transfer addresses and has contacted law enforcement and onchain security firms.<\/p>\n<p>The company has promised a full incident report, including root-cause analysis, within 24 hours.<\/p>\n<p>Until that report arrives, Bitget is deliberately not speculating publicly about how the attackers gained access.<\/p>\n<h2>The Size Of The Protection Fund Is About To Be Tested<\/h2>\n<p>Exchange protection funds sound reassuring when markets are calm.<\/p>\n<p>A major exploit is when they become meaningful.<\/p>\n<p>Bitget\u2019s stated $464 million-plus fund is larger than the current $351.6 million estimate, which means the company says it can absorb the incident without passing losses to customers.<\/p>\n<p>That does not remove the operational problem.<\/p>\n<p>Withdrawals being paused means users temporarily cannot move assets off the platform, and the final loss figure or attack scope could change as the investigation develops.<\/p>\n<p>The breach also reinforces the distinction between exchange <a href=\"https:\/\/www.newsbtc.com\/glossary\/custody\/\">custody<\/a> and self-custody.<\/p>\n<p>Assets held in an exchange hot wallet depend on the exchange\u2019s security systems, operational controls and balance sheet.<\/p>\n<p>Bitget says its separate self-custodial Bitget Wallet infrastructure was not involved.<\/p>\n<p>For now, the key questions are straightforward: how the attacker gained access, whether all affected wallets have been contained and when withdrawals can safely resume.<\/p>\n<p>A $351.6 million loss is large enough that the promised root-cause report will matter far beyond Bitget\u2019s own users.<\/p>\n<p>*This article was written by the News Desk and edited by [Samuel Rae](https:\/\/www.newsbtc.com\/author\/rae-samuel\/).*<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet infrastructure. The exchange says its cold wallets were not affected and its $464 million-plus User Protection Fund covers the loss. Withdrawals have been temporarily suspended while Bitget investigates the breach with law enforcement and security firms. **ID:** N25-10 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51850,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51849","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitget Confirms $351.6M Hot Wallet Breach And Pauses Withdrawals - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51849\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitget Confirms $351.6M Hot Wallet Breach And Pauses Withdrawals - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet infrastructure. 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