Abnormal transfers have been detected in some of Bitget’s hot wallets, involving approximately $351.6 million. The exchange’s cold wallets and the vast majority of its platform assets remain unaffected.

Xie Jia, head of Bitget’s Greater China region, stated in a post that at 2:31 AM Beijing time on September 25, Bitget’s security system detected abnormal transfers from some hot wallets, and the security team immediately activated its emergency response mechanism. The platform’s preliminary assessment puts the amount involved in the incident at approximately $351.6 million, with the specific cause still under investigation. Bitget noted that its cold wallets and the vast majority of the platform’s assets remain intact and unaffected by the incident; user account balances are accurate, and user assets are protected. The total loss is fully covered by Bitget’s User Protection Fund, which currently stands at over $464 million. Within minutes of the incident, Bitget established an emergency response team, marked and reported the relevant abnormal transfer addresses, and notified law enforcement and on-chain security agencies to join the investigation. For fund safety reasons, the platform has temporarily suspended withdrawal functions, which will be restored in an orderly manner after security checks are completed; deposit and trading functions remain operational. Bitget said it will release incident updates on an hourly basis and plans to publish a full incident report within 24 hours, covering root cause analysis and rectification measures. Prior to the conclusion of the investigation, the platform will not speculate on the specific attack vector.