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Bitget ends services for some users after $387.5M hack, assures fund safety and withdrawal support.

Market News
17 Oct 2026
Crypto Briefing
View Source
Bearish
Bitget ends services for some users after $387.5M hack, assures fund safety and withdrawal support.

Bitget will discontinue services for a select group of users following a major $387.5 million hack in September, one of the largest in centralized exchange history. The Seychelles-based crypto exchange assures affected users that their funds remain safe and will provide clear instructions via email and app notifications on how to withdraw their assets. This move comes amid increased regulatory pressures and follows Bitget's efforts to recover stolen funds and restore withdrawal services after the breach. Users impacted will receive direct communication detailing next steps and deadlines for withdrawal.

The Bitget exchange's recent user service discontinuation follows a major hack, providing context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 17, 2026 20:21 WIB: out of 50 major cryptocurrencies, only 7 rose while 42 fell. Notably, SAND gained 8.52% with a price of Rp1.057 and a buy order activity of 59%, EOS rose 8.13% to Rp12.649, and SNX declined 6.08% to Rp3.849 despite 100% buy orders. Typical hold times vary from 70 to 123 days among these assets.

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