Bitget Hack: $351 Million Drained as Withdrawals Freeze and Crypto Exchange Scrambles to Contain Fallout

The Bitget crypto exchange experienced a major security breach on 24 September 2026. Approximately $351.6 million in unauthorized transfers occurred from the exchange’s hot and warm wallet facilities.

Withdrawals were suspended while deposits and trading functioned normally. Bitget states that customer balances remain accurate and its protection fund can cover the estimated loss. Investigatory attention is focused on the backend compromise and asset transference, which may involve a North Korean connection.

Related: Bitget $351.6M Hack Probe Points to Backend Breach as Private-Key Leak Is Ruled Out

What Happened in the Bitget Hack?

The Bitget security breach began as anomalous wallet transfers took place. Initial on-chain estimates captured only a portion of the total value. Bitget later confirmed a substantially increased total across a range of networks after reviewing the affected transfers.

Bitget Confirms $351.6 Million in Unauthorized Transfers

The Bitget exchange confirmed that approximately $351.6 million in digital assets were impacted by unauthorized transfers. The affected amount represented part of its operational wallet infrastructure. The Bitget $351.6 million hack ranks as one of the largest exchange security incidents reported during 2026. Initial estimates were lower due to not tracking across every involved network.