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Bitget maintains 131% reserve ratio after $387.5M hack, covering all user assets fully.

Protocol Fundamentals
29 Sep 2026
Crypto Briefing
View Source
Neutral
Bitget maintains 131% reserve ratio after $387.5M hack, covering all user assets fully.

Bitget reported a 131% total reserve ratio in its latest Proof of Reserves update, meaning it holds $1.31 for every $1 in user deposits. This comes just five days after a $387.5 million security breach that drained hot and warm wallets, but cold wallets and user balances remained safe. The exchange expanded its reserve tracking to 19 assets, all above 100% backing, showing strong transparency and financial health. Losses from the hack will be covered by Bitget's User Protection Fund, valued between $382 million and $464 million, ensuring full user compensation.

Bitget's latest reserve ratio update provides context for readers. For those tracking major cryptocurrencies on Pluang, as of Sep 30, 2026 04:03 WIB, 29 out of 50 priced assets rose while 20 fell. Notable movers include SNX at Rp4.589 (+5.18%), KSM at Rp85.674 (+4.89%), and COMP at Rp442.379 (+4.62%).

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