Bitget raises breach estimate to $387.5M and launches recovery bounty

Bitget has raised the estimated value of assets affected by its September 24 security breach to approximately $387.5 million, up from an initial estimate of $351.6 million. Within 24 hours of the September 24 (UTC) incident: here is our further update as promised. Our investigation with Mandiant and SlowMist is ongoing — thorough forensic analysis takes more than 24 hours, and further findings will be shared as they become available. Three key… — Gracy Chen @Bitget (@GracyBitget) September 25, 2026 Bitget CEO Gracy Chen said in a post on X that the revised figure reflects a more complete accounting of transfers made during the incident, including Zcash and TRON assets that were not included in the original estimate. She stressed that the increase does not represent additional unauthorized transfers. The incident was detected at 18:31 UTC on September 24, when Bitget identified unauthorized transfers from portions of its hot and warm wallet infrastructure. Cold wallets remained secure, and withdrawals were temporarily suspended while the exchange conducted security checks. Bitget said the affected assets include XRP, ETH, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX and TRX across Ethere...