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Bitget reported that attackers moved about $387.5 million from some hot and warm wallets on September 24, 2026. XRP was among the affected assets, and blockchain analysts traced stolen XRP through a cross-chain route into Bitcoin. Analysts have assessed a possible North Korean connection, but public information does not establish that attribution as confirmed. Bitget says cold wallets and private keys were unaffected; its latest reviewed update confirms BTC and ETH withdrawals resumed, while later withdrawal phases were scheduled rather than independently confirmed complete.
What happened in the Bitget hack?
Bitget says its security system detected unauthorized transfers at 18:31 UTC on September 24, 2026, from some of its hot and warm wallets. In its later investigation, the exchange described a vulnerability in a third-party security product that attackers used to obtain internal access credentials. They then submitted forged withdrawal instructions that bypassed risk controls. Bitget says its cold wallets were unaffected and private keys were not compromised. Bitget incident update; Bitget investigation chronology.
The incident affected 12 hot and warm wallet addresses and involved activity across 11 blockchains, according to Bitget. Those details describe the exchange’s operational accounting, not a separate set of later transfers.
Why did Bitget’s loss estimate increase?
Bitget initially estimated the affected amount at $351.6 million. After more complete accounting, it revised that figure to approximately $387.5 million; a later explainer rounded it to approximately $388 million. Bitget says the higher figure reflects reconciliation of the same incident, not additional transfers after containment. Bitget incident update; Bitget explainer.
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How were XRP and Bitcoin involved?
Chainalysis’s tracing analysis estimated that about $387 million moved in 23 transfers during the first three hours, across Ethereum, the XRP Ledger, Zcash, and Tron. Its allocation of those flows was 49.7% Ethereum, 40.8% XRP, 7.6% Zcash, and 1.8% Tron. These are Chainalysis tracing figures, not Bitget’s incident accounting, and the percentages are rounded. Chainalysis’s analysis.
Chainalysis says the attackers routed stolen XRP through a cross-chain liquidity protocol and received Bitcoin on the other side. That describes a tracing path from XRP into BTC; it does not mean Bitcoin itself was the original asset taken from a Bitget wallet in that route.
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Is the Bitget hack linked to North Korea?
The North Korean connection remains an attribution assessment, not a confirmed finding. Early coverage reported Bitget CEO Gracy Chen’s characterization that the activity was highly consistent with known North Korean hacker patterns. Elliptic later assessed a link to the Democratic People’s Republic of Korea (DPRK) as “highly likely,” citing infrastructure overlap, off-chain indicators, and laundering methodology. Elliptic also noted that Bitget had not published the technical basis for its own attribution. Elliptic’s analysis.
Accordingly, it is accurate to say that analysts have linked the incident to suspected DPRK actors; available public evidence does not justify calling it a confirmed North Korean attack.
Have Bitget withdrawals resumed?
Bitget’s update confirms that BTC withdrawals resumed on September 28, 2026, and ETH withdrawals resumed on September 29. It scheduled USDT withdrawals for September 30 and other supported assets, fiat, and peer-to-peer (P2P) services for October 2. The reviewed update does not independently confirm that every scheduled phase was completed by October 3, so withdrawal availability should be checked for the particular asset and network in Bitget’s current service status. Bitget incident update.
What does Bitget say about customer balances and recovery?
Bitget says customer account balances were unaffected and that its Protection Fund was intended to cover the incident’s financial impact. These are the exchange’s assurances, not independently verified findings. Bitget says the incident was contained and that it is continuing to trace and recover funds. Its reviewed update reports that some assets were frozen but gives no stable total for recovered funds. Bitget incident update.
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How can Bitget users avoid recovery scams?
Bitget warns that it will not ask users to transfer funds or disclose passwords, private keys, seed phrases, or verification codes under the pretext of helping recover assets or resume withdrawals. Treat unsolicited recovery offers with suspicion, and use the exchange’s official support channels rather than links or contact details sent by strangers. Bitget’s security warning.
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