Bitget Suspends Withdrawals Amid $351M Security Breach

WHO:

Techmeme - Bitget, a cryptocurrency exchange, and its CEO Gracy Chen are involved in the incident.

WHAT:

Techmeme - Bitget has suspended withdrawals after detecting unauthorized transfers from its hot and warm wallets, affecting approximately $351.6 million.

Cointelegraph - Bitget confirmed a security breach involving unauthorized transfers that impacted a limited number of hot wallets.

WHERE:

Cointelegraph - The incident involves Bitget's hot and warm wallet infrastructure, though specific locations are not mentioned.

WHEN:

No specific dates are provided in the articles.

WHY:

Techmeme - The unauthorized transfers prompted Bitget to activate emergency response protocols.

HOW:

Techmeme - Bitget detected unauthorized transfers from its hot and warm wallet infrastructure.

(UPDATED September 24, 2026 23:59 UTC)

Bitget, a cryptocurrency exchange led by CEO Gracy Chen, has suspended withdrawals after detecting unauthorized transfers from its hot and warm wallets, which have affected approximately $351.6 million. The company confirmed a security breach that involved a limited number of hot wallets, prompting them to activate emergency response protocols. While specific locations of the incident have not been disclosed, the breach has raised significant concerns within the cryptocurrency community.