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Bitget suffers $351.6M hot wallet breach but covers losses with protection fund, halts withdrawals temporarily

Market News
24 Sep 2026
Crypto Briefing
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Bearish
Bitget suffers $351.6M hot wallet breach but covers losses with protection fund, halts withdrawals temporarily

Bitget confirmed a $351.6 million security breach affecting its hot and warm wallets, detected on September 24, 2026. The exchange's cold wallets remain secure, and customer funds are protected by its User Protection Fund, which holds over $464 million. Withdrawals are temporarily paused while a security review is underway, but deposits and trading continue as normal. Bitget has flagged suspicious addresses, notified law enforcement, and will provide hourly updates and a full incident report within 24 hours.

Bitget's recent $351.6 million security breach provides context for digital asset markets. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Sep 25, 2026 04:21 WIB: 45 out of 50 major cryptocurrencies rose today. Notable movers include BAL at Rp16.297 with an 11.14% increase, COMP at Rp430.524 with a 10.39% rise and a 99% buy order activity, and LINK at Rp236.142 with an 8.77% gain.

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