Bitget Rebuilt a $309 Million Protection Fund After a $388 Million Hack. Is Your Crypto Safe on an Exchange?

A $388 million hack stripped Bitget of hundreds of millions in customer funds overnight, and the hackers used privacy tools and decentralized protocols to vanish with most of it. What happened next reveals exactly how much protection exchange users actually…

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Hackers stole about $388 million from Bitget, a major cryptocurrency exchange, on September 24, 2026. In response, Bitget has successfully rebuilt its Protection Fund to $309 million. The stolen funds included Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), USDT, and other cryptocurrencies. Instead of asking customers to cover the losses, Bitget utilized this fund to compensate for the theft.

After discovering the breach, Bitget temporarily froze withdrawals to safeguard its customers’ assets. Withdrawals resumed on the following dates: Bitcoin on September 28, Ethereum on September 29, USDT on September 30, and the rest of its cryptocurrencies on October 2. Now that the Protection Fund is replenished and withdrawals are active again, one question remains: Is your crypto truly safe on an exchange?