Bitget has resumed Bitcoin withdrawals following a reported $388 million exploit that prompted the exchange to temporarily halt BTC outflows. The restart marks a confirmed operational step, t
Bitget has resumed Bitcoin withdrawals following a reported $388 million exploit that prompted the exchange to temporarily halt BTC outflows. The restart marks a confirmed operational step, though the exchange has not announced a full recovery of all platform services, and users should verify withdrawal access in their own accounts before transacting.
Bitget confirmed via its official account (@bitget) that BTC withdrawals have been restored after the exploit disrupted normal operations. The resumption does not mean every platform function has returned to normal; users should treat the BTC withdrawal restart as a narrow update, not a full-service clearance. For related coverage, see Bitget Wallet Receives 1.6B PUMP Tokens for Possible Sale.
The reported exploit figure of $387.5 million to $388 million in Bitcoin puts this incident among the larger exchange-level security events seen in recent years. The scale of the loss in BTC terms is notable given Bitcoin's current market cap position as the largest digital asset by value.
On-chain recovery of the stolen funds faces significant obstacles. As covered separately, THORChain declined to block the hacker's $387.5 million Bitcoin movement, leaving the attacker's funds free to move through the protocol without restriction.
Bitget has also seen notable outflows in the aftermath. Verified outflow data showed at least $10 million leaving the platform, a figure that likely understates total user withdrawals given the broader withdrawal pause that preceded the restart.
Users should rely on official Bitget announcements for updates on the investigation, any compensation plans, and the status of assets beyond BTC. The exchange has not publicly confirmed which other services remain affected.
The BTC withdrawal restart is a narrow operational update. Before transacting, users should confirm whether withdrawal limits, processing times, or supported networks have changed from pre-incident norms, and monitor the official Bitget announcements page for further service status updates.
The broader context for Bitget connects to a period of acute stress across centralized exchanges. BitMEX announced the end of its exchange operations on September 23, 2026, illustrating how quickly user confidence erodes when an exchange faces operational or financial pressure. Separately, Bitget Wallet had recently expanded into tokenized stocks, a move that now faces scrutiny given the security incident affecting the parent exchange. Bitget's ability to restore full service and publish credible incident findings will be the key signal for whether it retains its user base through this episode.
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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