Bitget processed 4,098 BTC in withdrawals within one hour of restoring Bitcoin access on Sept. 28, CEO Gracy Chen said, as the exchange moved to reassure users following a security incident t
Bitget processed 4,098 BTC in withdrawals within one hour of restoring Bitcoin access on Sept. 28, CEO Gracy Chen said, as the exchange moved to reassure users following a security incident that had prompted a temporary suspension of withdrawal services.
Bitget restored Bitcoin withdrawal functionality on Sept. 28, according to CEO Gracy Chen, marking the first step in a phased resumption of services after the exchange had paused access. The reopening was structured asset by asset, with Bitcoin going live first and Ethereum access scheduled for Sept. 29. For related coverage, see Bitget Adds 470 Stock rTokens, Including Manchester United.
The resumption followed a security breach in which hackers began laundering a reported $387 million haul, according to reporting from CryptoSlate. Bitget CEO Gracy Chen attributed the incident to a third-party vulnerability, describing it as the exchange's first security event in eight years.
In the first hour after Bitcoin access was restored, users submitted withdrawals totaling 4,098 BTC, Chen said. The figure represents withdrawal volume by token count, not a stated user count or fiat equivalent; no USD conversion or price data was provided in Chen's statement.
The volume concentrated into that single hour signals the depth of demand that had built up while withdrawals were suspended, as users moved quickly once the gate reopened. The theft had already seen $351.6 million in stolen ETH swapped for BTC via THORChain by the attackers, adding pressure on the exchange to demonstrate reserve adequacy.
Chen's statement attributed the 4,098 BTC figure directly to the first hour of Bitcoin withdrawal access, framing the volume as evidence that the exchange could process outflows at scale. The statement stands as the sole named source for the specific metric; no independent blockchain-level verification of the figure appeared in the available evidence as of the time of publication.
The exchange had previously disclosed a $352 million loss tied to the security incident, a figure that contextualizes user urgency to confirm their assets remained accessible.
The 4,098 BTC total describes aggregate withdrawal volume denominated in Bitcoin over a one-hour window; it does not reflect the number of individual transactions, unique withdrawing addresses, or a dollar-equivalent at a stated price. No market-impact conclusion, exchange reserve estimate, or comparative benchmark is supported by the available evidence.
Readers should treat the figure as self-reported operational data. Until independent on-chain confirmation is available, the metric reflects what Chen said the exchange processed, not an independently audited outflow total.
Bitget restored Bitcoin withdrawals on Sept. 28, 2026, according to CEO Gracy Chen.
Chen said 4,098 BTC was withdrawn in the first hour after Bitcoin access was restored.
Bitget CEO Gracy Chen reported the figure directly.
Bitget attributed the suspension to a security incident involving a third-party vulnerability. The available evidence does not independently confirm the precise scope or duration of the suspension period.
The concrete next milestone is the resumption of Ethereum withdrawals, scheduled for Sept. 29. Independent on-chain verification of the 4,098 BTC outflow figure, and any further disclosure from Bitget about reserve levels following the hack, represent the next material data points for affected users and observers.
Additional source references: source document 1.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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