Bitget CEO: Security incident

TL;DR Bitget suffered a hack in September that resulted in the theft of approximately $387.5 million, with little prospect of full recovery. Only around $1.1 million of the stolen funds were frozen, though CEO Gracy Chen clarified that this does not imply their effective return. The exchange’s Protection Fund was replenished above $300 million and ... Read more

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

• https://crypto-economy.com/bitget-ceo-admits-exchange-may-recover-little-from-388m-hack/
• https://crypto.news/bitget-hack-where-did-the-stolen-387m-go/

Record history

First seen: 2026-10-02T08:46:18.000Z. Last updated: 2026-10-02T19:00:26.081Z. Revision: 1.