Bitget reports $351.6M in unauthorized hot wallet transfers, suspends withdrawals

Bitget says its security systems detected unauthorized hot wallet transfers at 18:31 UTC on September 24, 2026, with roughly $351.6 million in assets affected. The exchange states cold wallets and most platform assets are secure, user balances remain accurate, and deposits and trading continue normally. Withdrawals are temporarily suspended pending a security review. Bitget says the incident is covered by its User Protection Fund, which holds over $464 million. It has flagged the relevant transfer addresses, engaged law enforcement, and retained Mandiant and SlowMist. Bitget Wallet, being self-custodial and on separate infrastructure, was unaffected. The company declined to speculate on the attack vector while the investigation is ongoing.

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