Key Takeaways
CryptoSlate reports Bitget reopened Bitcoin-network BTC withdrawals following a security breach, while ETH and USDT withdrawals remain scheduled for later dates.
According to CryptoSlate, Bitget reported reopening Bitcoin-network BTC withdrawals as the first stage of its post-breach phased reopening plan. The exchange stated on Sept. 28 that its service notice indicates the service is open, though it does not document a completed customer transfer. ETH and USDT withdrawals remain scheduled for later dates.
Bitget previously detected unauthorized transfers from some hot wallets at 18:31 UTC on Sept. 24 and suspended withdrawals while keeping trading and deposits open. An initial estimate of affected assets at about $351.6 million was later raised to approximately $387.5 million on Sept. 25 after identifying more transactions from the original incident. Bitget stated that customer balances remain unaffected and that its Protection Fund will cover the financial impact.
The exchange's phased reopening plan schedules withdrawal services for specific dates, including ETH withdrawals on Sept. 29 and USDT withdrawals on Sept. 30. Public feeds previously showed BTC and ETH futures trades taking place while withdrawals were paused, and separate service notices outline the scheduled return of off-platform transfers across various networks.
Source & Fact-Check Note
https://cryptoslate.com/bitget-says-bitcoin-withdrawals-open-after-hack/
