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Bitget raises breach loss estimate to $387.5M, launches bounty to recover stolen crypto assets.

Market News
25 Sep 2026
Crypto Briefing
View Source
Bearish
Bitget raises breach loss estimate to $387.5M, launches bounty to recover stolen crypto assets.

Bitget has updated its security breach loss estimate to $387.5 million from $351.6 million after a September 24 hack affecting multiple cryptocurrencies including XRP, ETH, and USDT. The exchange identified and fixed the vulnerability, contained the breach, and suspended withdrawals temporarily while conducting security checks. Bitget launched a Recovery Bounty Program offering rewards for freezing and recovering stolen funds, with some assets already frozen through collaboration with exchanges and security firms. Withdrawals remain paused, with a restoration plan expected by September 26, while deposits and trading continue as investigations and asset tracing proceed with forensic experts.

Bitget's updated breach loss estimate is $387.5 million after a September hack. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 25, 2026 21:45 WIB: 30 of 50 major cryptocurrencies rose today. Notable movers include LINK at Rp247.059 with an 8.92% increase and 60% sell order activity, EOS at Rp12.649 up 8.13%, and ETC at Rp168.138 down 8.10% with 77% sell orders.

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