Bitget starts phased withdrawals after $388 million exploit, 2026’s largest crypto theft
Bitget began restoring Bitcoin withdrawals at 8:00 UTC on Sept. 28 after a Sept. 24 exploit that drained about $388 million.
The exchange said attackers compromised a backend wallet system and spoofed transaction data; private keys were not stolen.
A User Protection Fund of more than $464 million is covering the loss, and customer balances were not written down.
Ether, USDT and remaining assets are scheduled to return in stages through Oct....