# Bitget Reports $351.6M Wallet Breach, Freezes Withdrawals

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/23906
Published: 2026-09-24T21:47:41.000Z
Updated: 2026-09-24T21:47:41.000Z

Bitget said unauthorized transfers from parts of its hot- and warm-wallet infrastructure affected approximately $351.6 million on Sept. 24, prompting the exchange to suspend withdrawals while it investigates.

The transfers were detected at 2:31 p.m. ET (18:31 UTC). Bitget said deposits and trading remained operational, while its cold wallets were secure.

The exchange said its User Protection Fund held more than $464 million, exceeding the estimated loss. Bitget also said it flagged associated addresses, notified law enforcement and contacted on-chain security firms.

Earlier blockchain-monitoring alerts had placed the suspicious movements between $174 million and $183 million. Bitget did not disclose how the transfers were authorized and said it would release a full incident report covering the root cause and corrective measures within 24 hours.