- Bitget begins resuming withdrawals after a $388 million hack confirmed September 28, 2026
- $388M breach ranks among the largest centralized exchange hacks in crypto history
- No official exploit post-mortem or compensation structure confirmed at time of publication
Bitget has begun restoring withdrawal access following a $388 million hack that forced the exchange to halt user funds — one of the largest exchange security breaches in recent crypto history.
The resumption was confirmed by WatcherGuru on September 28, 2026. The announcement signals that Bitget’s internal security response has reached a stage where the exchange considers outbound transactions safe to process again.
At $388 million, the breach ranks among the most damaging exchange hacks on record — comparable in scale to the 2022 FTX collapse and the 2023 Euler Finance exploit. Withdrawal halts following exchange hacks typically indicate either ongoing fund recovery efforts, security patching of the exploited vector, or both.
No official post-mortem from Bitget detailing the exploit mechanism, the assets affected, or the recovery pathway has been confirmed at the time of publication. Users should verify their individual account status directly through Bitget’s official channels before initiating withdrawals.
The scale of the incident is a reminder that centralized exchange risk remains a live concern in this cycle — a theme covered in Gate’s TradFi Desk hitting $16.86B in September, where exchange infrastructure and institutional trust were examined in detail.
This is a developing story. CoinsProbe will update as Bitget releases further details on the exploit, affected assets, and compensation structure.
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Source: WatcherGuru · Published by CoinsProbe Markets Desk
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