Bitget Wallet is not the exchange: one of two required key shares sits on Bitget's server

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The attack on the Bitget exchange of September 24, 2026 hit the venue's hot and warm wallets, not the keys in users' wallets. What matters all the same is which variant you run: in the keyless wallet every signature needs a key share from the provider's server.The Bitget Wallet and the Bitget exchange are two different products with two different custody models. The attack Bitget disclosed on September 24, 2026 hit the exchange's systems. Anyone holding crypto-assets in the Bitget Wallet was not automatically affected, because a different mechanism decides access there. That mechanism is precisely the point most users have never looked up: in the keyless version of the wallet, one of three key shares sits on a Bitget server, and without that share no signature comes about. This text pulls the two apart. First the situation at the exchange, then the technology of the wallet, after that the consequences for custody, supervisory law and tax in Germany. Bitget Wallet and Bitget exch...