Bitget suspends withdrawals after a large wallet breach
Bitget disclosed a September 24 wallet breach and suspended withdrawals, including Bitcoin withdrawals. The incident affected access to BTC even though the reported compromised assets were not Bitcoin.
On September 24, 2026, Bitget disclosed a breach involving its hot and warm wallet infrastructure and suspended withdrawals. Initial reporting put affected assets at approximately $352 million. The compromised holdings described in the exchange’s account included non-Bitcoin assets; the Bitcoin consequence was the wider interruption of customer withdrawals.
A custodial exchange can serve several blockchains through shared operational and security systems. Bitcoin customers therefore depend on the exchange’s ability and willingness to process withdrawals even when an incident targets other asset wallets. A customer’s exchange balance and a spendable Bitcoin output under that customer’s own control are different forms of access.
Bitget stated that user funds were protected. That was the exchange’s assurance, not an independent conclusion that every incident detail or liability had been resolved. Trading and deposits were described as remaining available while withdrawals were restricted.
Retrospectively, Bitget’s incident updates gave an approximately $388 million loss figure and recorded Bitcoin withdrawals resuming on September 28. Those later updates should not be substituted for what was initially reported on September 24. The breach demonstrated how an operational failure outside Bitcoin’s own validation rules could nevertheless interrupt BTC users’ access to a major custodian.