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Bitget resumes phased crypto withdrawals after security fix, backed by $464M protection fund

Market News
28 Sep 2026
Tokenpost
View Source
Neutral
Bitget resumes phased crypto withdrawals after security fix, backed by $464M protection fund

Bitget has started restoring cryptocurrency withdrawals in phases following a security incident, beginning with Bitcoin withdrawals at 4:11 a.m. ET. Withdrawals for each asset will reopen only after the related blockchain completes repairs and security checks. The suspension was not due to a lack of funds, as Bitget's proof of reserves shows 127% coverage. The exchange's $464 million protection fund is sufficient to cover losses from the attack, ensuring user funds remain secure during the phased reopening process.

Bitget's recent security incident and phased withdrawal resumption provide context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Sep 28, 2026 14:41 WIB: Of 50 major cryptocurrencies, only 8 rose while 41 fell today. EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, contrasting with COTI's 8.09% drop to Rp242 and a longer hold time of 120 days, and SUSHI's 7.63% decline to Rp4.538 with a typical hold time of 101 days and heavy sell pressure at 96%.

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