Bitget confirmed on September 24, 2026 approximately $351.6 million in unauthorized transfers from its hot and warm wallets, triggering an immediate suspension of withdrawals. The exchange stated that its User Protection Fund, holding over $464 million, fully covers the loss. On-chain analysts have only traced between $170 and $190 million so far, creating a gap the official report will need to explain. Bitget promised a complete incident report with cause analysis and corrective measures by the evening of September 25.
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