Bitget clarifies $388 million in assets affected by security breach
Crypto exchange Bitget released an updated incident report regarding Thursday’s security breach, clarifying that approximately $388 million in assets were affected, up from the previously reported $352 million. The exchange continues to suspend withdrawals and has initiated a bounty program to incentivize freezing or recovering the stolen assets.
Updated Loss Figures and Company Actions
As of Friday, Bitget confirmed through onchain tracing that $387.5 million were transferred to attacker-controlled addresses, an increase of about $35 million from initial reports. The company explained that the revised figure included assets from Zcash and TRON blockchains, which were not accounted for in the first estimate.
The exchange stated that the updated figure does not reflect any further unauthorized transfers. They consider the incident contained, with no additional unauthorized transfers possible.
Bitget will continue to suspend withdrawals while managing the situation and has launched a bounty program to incentivize freezing or recovering the stolen assets.
Technical Details of the Breach and Stolen Assets
The incident affected addresses on the Ethereum Virtual Machine (EVM) networks, XRP Ledger, Zcash, and TRON. Among the stolen assets were cryptocurrencies such as XRP, Ether (ETH), Tether’s USDt (USDT), Zcash (ZEC), USDC, USDT0, XAUt, BNB, AVAX, and TRX.
Initial reports did not cover all involved networks, leading to an incomplete damage estimate. The update added those networks, increasing the total amount stolen.
Additional Context and Comments
The Friday report did not address comments made earlier by Bitget CEO Gracy Chen, who speculated that a North Korean hacking group might be behind the attack.
Despite the updated amount, this breach remains one of the largest impacting the cryptocurrency sector. For context, hackers stole around $1.5 billion worth of Ether from Bybit in February 2025.
Why it matters
Bitget’s update is significant as it provides a more accurate assessment of the breach’s scale, which is critical for both users and the crypto industry. A clearer picture of the lost assets and affected networks helps evaluate the exchange’s security posture and its broader market impact. The launch of a bounty program signals proactive steps to mitigate losses and recover stolen funds. This incident remains one of the major exchange hacks, highlighting ongoing vulnerabilities in the crypto sector and the importance of strengthening security measures.
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