Bitget Resumes Bitcoin Withdrawals After $387.5 Million Crypto Heist
12 Articles
12 Articles
Bitget rebooted withdrawals in Bitcoin on September 28, after the attack that took 388 million dollars from the exchange. Bitget's pick-up proceeds in stages, after security checks on each blockchain. Bitget key points rebooted withdrawals in BTC on September 28, after the Exploit of 388 million dollars [...]
Bitget resumed the withdrawals of BTC in the Bitcoin network on September 28 and announced a phased schedule for other assets. The exchange estimates that the attack diverted about USD 387.5 million and ensures that its User Protection Fund will cover the losses.
Bitget Withdrawals Resume in Phases After $388 Million Exploit
TLDR: Bitget reopened BTC withdrawals on the Bitcoin network at 08:00 UTC on September 28 as scheduled. The September 24 exploit drained about $388 million, the largest reported crypto theft this year. The attacker used a flaw in a third-party security product to obtain high-level internal credentials. The Bitget User Protection Fund, holding 5,500 BTC, [...]
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