Bitget sees $351.6 million moved from hot wallets in suspected hack

An estimated $351.6 million in cryptocurrency was moved from Bitget's hot wallets in a suspected hack. Bitget's security systems detected unauthorized transfers at 18:31 UTC on September 24, 2026. Bitget's security team activated emergency response protocols after detecting the transfers. Blockchain security firms had flagged the issue earlier that day. Bitget CEO Gracy Chen said the exchange's cold wallets remained fully secure. Chen said user funds were safe. She said Bitget's three-tier wallet architecture limited the breach to part of its hot wallet and warm wallet layers. Deposits and trading remain fully operational. Withdrawals are temporarily paused until a security review is complete. Arkham Intelligence created a dashboard showing that multiple cryptocurrencies had moved from Bitget's hot wallet. The dashboard did not list Bitcoin. Hacken later said Bitcoin had also been moved. CoinGecko data identifies Bitget as the sixth biggest exchange. The exchange processes more than $1.1 billion in trading volume per day. In July, hackers targeted a firmware bug in the Coldcard hardware wallet to steal nearly $120 million in user funds. This month, purported white-hat hackers withdrew about 4,000 bitcoins from Blockstream's Liquid sidechain federation wallet. The bitcoins were worth about $320 million at the time.