Bitget reveals attack path behind $387.5M breach as Bitcoin withdrawals restart

Bitget has begun restoring withdrawals following its $387.5 million security breach, as CEO Gracy Chen disclosed new details about how attackers gained access to the exchange’s systems. Quick recap from today's livestream: 1. WithdrawalsBTC live on Bitcoin Mainnet & BSC — 9,585 orders, 4,098.036 BTC processed as of 17:00 UTC+8. ETH, USDT, others follow in phases starting tomorrow. 2. What happenedFull trace-back complete. The attacker exploited… pic.twitter.com/BmyTNFJgFC — Gracy Chen @Bitget (@GracyBitget) September 28, 2026 Bitcoin withdrawals are now live on the Bitcoin network and BNB Smart Chain. Chen said in a post on X following a livestream that Bitget had processed 9,585 withdrawal orders totaling 4,098.036 BTC as of 17:00 UTC+8 on Monday. Ether, USDT and other assets are set to follow in phases. The reopening comes four days after Bitget suspended withdrawals following the September 24 exploit. The exchange began processing Bitcoin withdrawals at 08:00 UTC Monday after completing additional security checks, with other assets scheduled to return through October 2. Chen also provided Bitget’s most detailed explanation yet of how the attack occurred. She said the attacke...