Bitcoin Surpasses $103,000

Xie Jiayin, Head of Bitget’s Chinese-speaking Region, said during the "Bitget Incident Review" live stream that the exchange has completed a full fix for the vulnerability and implemented the following rectification measures: First, isolate affected systems: relevant servers have been network-isolated to contain the attack spread, with evidence preserved for tracing. Second, reset internal credentials and tighten high-sensitivity permissions: all internal login credentials have been invalidated and reissued, the credentials stolen by attackers are now invalid, high-sensitivity permissions have been fully revoked and re-segmented, and critical operations require multi-person approval. Third, notify relevant third-party security vendors of the vulnerability details and assist in analysis and repair; relevant functions were suspended before the fix was completed. Fourth, all subsequent withdrawals will require independent verification. The incident was triggered by attackers exploiting a vulnerability in a third-party security product to steal Bitget’s internal network permission credentials and forge withdrawal instructions to the wallet system. Bitget immediately contacted the vendor, shared the incident details, and assisted in the repair. Currently, the incident is fully under control, no new unauthorized transfers have been detected, all affected systems are isolated, and all vulnerabilities have been patched. Each blockchain network will still need to pass multiple core verifications before resuming withdrawals.

On-chain analyst Ai Yi (Twitter handle @ai_9684xtpa) reported that following Bitget’s opening of its BTC withdrawal portal, the exchange’s total protection fund of 5,500 BTC has been flowing in batches into its hot wallet to facilitate withdrawals. As of now, 2,042.28 BTC (valued at roughly $169 million) has been transferred, with 3,457.72 BTC remaining on-chain. However, since these tokens were moved in advance, the analyst emphasized that this figure does not represent the actual amount of user withdrawals.

Xie Jiayin, head of Bitget’s Chinese-speaking region, stated during the "Bitget Event Review" live stream that in consideration of users’ actual needs, the platform will first open Bitcoin network withdrawals at 16:00 Beijing time today. By this Friday, Bitget will resume withdrawals for all assets across the platform. Withdrawal channels for regular users, KOLs, and VIP clients will open simultaneously, with no priority granted to any group. Per prior announcements, the specific withdrawal timelines are as follows: September 28 at 16:00: BTC (Bitcoin network); September 29 at 16:00: ETH (Ethereum, BSC, Arbitrum, Base, Optimism); September 30 at 16:00: USDT (Ethereum, BSC, Solana, Tron); October 2 at 16:00: other tokens, fiat currencies, and P2P services.

On-chain analyst Ai Yi (Twitter handle @ai_9684xtpa) has tracked that address casualpig.eth has re-established an ETH position after a one-year pause. The address’s last ETH purchase came when the token hit a peak of $4,751.74. Three hours ago, it withdrew 1,754 ETH from Bybit, valued at $4.65 million. The address’s prior ETH trading cycle ran from August to October 2025, during the last bull market peak. It chased the high at $4,751.74 and exited when prices fell to $4,433.10, incurring an estimated loss of $449,000.

Bitget has launched its phased withdrawal feature as scheduled, with Bitcoin (BTC) withdrawal services now available. Per the previously announced timeline, withdrawals for Ethereum (ETH)-related networks will open at 16:00 UTC+8 on September 29, while withdrawals for Tether (USDT)-related networks will be accessible at 16:00 UTC+8 on September 30. Withdrawals for other tokens, fiat currency, and C2C services will resume gradually starting at 16:00 UTC+8 on October 2. Meanwhile, Bitget CEO Gracy Chen and Greater China Head Xie Jiayin are hosting a public livestream to review the recent security incident, share the latest updates, and answer user questions live.

Bitget’s Head of Chinese-speaking Markets Xie Jiayin stated during the "Bitget Event Review" live stream that the exchange suspended withdrawals following the recent attack because the incident involved multiple blockchains, rather than a single asset or network. Before completing checks and verification at every stage, Bitget did not want to expose any users to risk. Reopening withdrawals required separate fixes and security verifications for each chain, so phased recovery by chain and asset would take time. Xie emphasized that the withdrawal suspension had no connection to Bitget’s capital sufficiency. The Bitget Protection Fund totals $464 million, which fully covers losses from the attack. Furthermore, Bitget’s Proof of Reserves is 127%, and this figure is fully public and transparent.