Bitget confirms $352M breach, halts withdrawals

Bitget confirmed on or around September 24, 2026 that unauthorized transfers totaling $352 million were made from a limited number of its hot wallets. The exchange suspended withdrawals following the confirmation. Bitget stated that cold wallets and the majority of platform assets were not affected by the breach.

The breach is not speculative. Bitget has publicly confirmed the event, which moves this from rumor to a material operational and counterparty risk fact for any business with funds on the platform or using Bitget as a payment or treasury rail.

$352 million is a significant sum even by major exchange standards. Hot wallet breaches at this scale typically indicate either a compromise of private key infrastructure, an insider event, or a sophisticated external attack on signing systems. The distinction matters for recovery prospects and for assessing whether the platform can resume normal operations quickly.