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Bitget hack losses rise to $387.5M; $318K in stablecoins frozen, recovery bounty launched

Market News
26 Sep 2026
Blockonomi
View Source
Bearish
Bitget hack losses rise to $387.5M; $318K in stablecoins frozen, recovery bounty launched

Bitget, a crypto exchange, raised its estimated losses from a recent hack to $387.5 million, up from $351.6 million, after including assets on Zcash and TRON. Stablecoin issuers Circle and Tether froze about $318,000 in USDC and USDT linked to the breach. Bitget identified the attack method, fixed the security flaw, and started a phased withdrawal reopening from September 28. The exchange also launched a bounty program offering 5% rewards for freezing stolen assets and another 5% for recovery efforts to encourage community help in tracking and retrieving funds.

The stablecoin issuers freezing stolen funds after the Bitget exchange breach provide context for crypto market activity. For readers following major cryptocurrencies on Pluang, 33 out of 50 rose while 15 fell, with notable movers including COTI down 5.77%, ONE down 5.72%, and AAVE up 4.53%. These figures are as of Sep 26, 2026 18:41 WIB.

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