Bitget has been hit by a major crypto security breach, with approximately $351.6 million in cryptocurrency affected.
The Bitget hack was detected on September 24, 2026, after unauthorized transactions were identified from several hot wallets. On-chain researchers initially tracked more than $170 million in crypto moving to an unknown wallet.
Are Bitget User Funds Safe?
Bitget confirmed the $351.6 million security incident, saying its hot and warm wallets were affected while cold wallets remained secure. Withdrawals were temporarily suspended during the investigation. According to Bitget, customer funds are protected by its User Protection Fund, which holds more than $464 million.
The exchange is investigating the attack with blockchain security firms and law enforcement.
What Caused the Bitget Security Breach?
The exact cause of the Bitget hack is still being investigated. Recent reporting indicates the preliminary investigation is looking at a possible backend-system compromise rather than a direct private-key leak, although the full technical report has not yet been released.
This incident raises some serious questions about Bitget security, hot-wallet security and centralized crypto exchanges.
Sources
- Bitget official security notice
- Bitget withdrawal suspension notice
- The Block: $170M+ moved from Bitget wallets
- CoinDesk: Bitget $351.6M security breach
What do you think caused the Bitget security breach?
