Bitget confirms over $350M breach and temporarily pauses withdrawals

Bitget has confirmed a hot wallet security breach affecting approximately $351.6 million in crypto, while saying customer funds remain protected by its User Protection Fund. [SECURITY NOTICE] Bitget Hot Wallet Incident — September 24, 2026 At 18:31 UTC on September 24, 2026, Bitget's security systems detected unauthorized transfers from some of our hot wallets. Our security team activated emergency response protocols immediately. What we have… — Gracy Chen @Bitget (@GracyBitget) September 24, 2026 The confirmation came from Bitget CEO Gracy Chen, who said in a security notice posted on X that the exchange detected unauthorized transfers from some hot wallets at 18:31 UTC on September 24 and activated emergency response procedures within minutes. The incident was initially flagged through unusual onchain activity. DCF GOD, a pseudonymous crypto KOL and angel investor known for market analysis, said a fresh wallet bought 7,111 ETH on Arbitrum using 19.67 million USDT0 allegedly traced to a Bitget hot wallet, routing the trades through UniswapX and 1inch Fusion. Further onchain data indicated that assets were transferred from several Bitget labeled hot and cold wallets across multiple...