Bitget says BTC withdrawals restored on Bitcoin mainnet and BSC, processing 9,585 orders and 4,098.036 BTC by 17:00 UTC+8
Bitget disclosed details of a security incident tied to third-party vulnerabilities that enabled fraudulent withdrawal commands, while stating private keys and cold wallets were not compromised. BTC withdrawals have resumed on Bitcoin mainnet and BSC, with other assets reopening in phases. Full coverage via the protection fund and a planned top-up to over $300M should reduce counterparty risk concerns, but near-term sentiment may remain cautious.
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Bitget said BTC withdrawals are now live on the Bitcoin mainnet and BSC, with 9,585 orders and 4,098.036 BTC processed as of 17:00 UTC+8. The exchange said ETH, USDT and other assets will reopen in phases starting tomorrow. Bitget said the incident stemmed from vulnerabilities in third-party products that enabled an attacker to obtain internal credentials and submit fraudulent withdrawal commands that bypassed risk controls, while private keys and cold wallets were not affected. The platform said user funds are fully covered by the Bitget Protection Fund and it will replenish the fund to >$300M with its own capital within the week.