Bitget has begun restoring withdrawals in phases following a September 24 security incident, starting with Bitcoin. The exchange confirmed user balances remain unaffected and expects a full security report this week.
THORChain has declined to block stolen funds from the $387.5 million Bitget hack from being converted into Bitcoin, sparking industry debate over its permissionless cross-chain swap design.
Bitget confirmed attackers stole $387.5 million from its exchange wallets after compromising a backend system. CEO Gracy Chen suspects North Korean involvement, with Mandiant and SlowMist investigating.
Bitget CEO Gracy Chen stated that North Korean hackers are very likely responsible for a $350 million breach that compromised a backend system without acquiring private keys, marking the biggest crypto heist of 2026.
