
Bitget Restores Withdrawals After Hot and Warm Wallet Breach
Crypto exchange Bitget has resumed withdrawal services after a security breach compromised its hot and warm wallet infrastructure, confirming user funds remain secure.
Published reporting linked to documented exchanges, including regulation, security, products, markets and operations.

Crypto exchange Bitget has resumed withdrawal services after a security breach compromised its hot and warm wallet infrastructure, confirming user funds remain secure.

Following the $388 million Bitget theft, NEAR Intents blocked over $50 million in illicit transfers while THORChain processed stolen funds, highlighting a strategic split in cross-chain security protocols.

Bitget recorded approximately $463 million in net outflows within 24 hours of restoring withdrawals following a $387.5 million security breach.

Coinbase Clearing LLC received CFTC registration on September 28, enabling it to clear fully collateralised futures and options using USDC as collateral.

Bitget CEO Gracy Chen criticized THORChain for refusing to block hacker addresses after a $387.5 million breach, citing the protocol's prior 39-day network shutdown.

The CFTC registered Coinbase Clearing LLC as a Derivatives Clearing Organization, enabling the exchange to clear certain futures and swaps in-house.

Bitget launched a four-week Alliance program distributing rewards from 30% of net fee revenue to recognize user trust following a recent security incident.

Bybit added six new tickers including Tesla and SOXL to its Perp Options product, bringing the total to eight, while launching a trading challenge with up to 70,000 USDT in rewards.

A $388 million security breach at Bitget led to a record $463 million net customer outflow within 24 hours of withdrawal restoration.

Bitget has launched a four-week Alliance Program distributing 30% of eligible transaction fee revenue to users following a recent security incident.

Bybit has partnered with Franklin Templeton to allow eligible institutional clients to pledge tokenized money-market fund shares as off-exchange collateral for trading.

Crypto exchange Bitget recorded approximately $463 million in net customer outflows within 24 hours following a recent theft of $388 million.

Coinbase and Citi have integrated their virtual account systems to allow businesses to automatically convert incoming fiat into stablecoins, initially rolling out in the United States.

The Gelephu Financial Services Office granted BTSE Bhutan a full license, enabling regulated digital asset trading and custody operations within the special administrative region.

NEAR Intents blocked over $50 million in attempted transfers linked to the recent $387.5 million Bitget security breach, while THORChain declined similar requests.

NEAR Intents halted over $50 million in stolen assets from Bitget's $387.5 million security breach, while THORChain refused to blacklist attacker wallets.

NEAR Intents refused over $50 million in attempted swaps from the Bitget hack, freezing $503,000 mid-execution while waiving its potential bounty share.

The CFTC approved Coinbase Clearing LLC as a derivatives clearing organization, enabling in-house settlement of fully collateralized products using USDC.

The CFTC approved Coinbase Clearing LLC as a derivatives clearing organization, enabling it to clear fully collateralized futures and options with native USDC support.

Hackers behind the Bitget exploit are swapping stolen Ethereum for Bitcoin through THORChain, while investigators track funds moving toward mixing services.