Bitget Suffers Record $351.6M Hot Wallet Drain
- Centralized Exchange
- Security
- Key Compromise
Bitget lost $351.6 million when attackers drained multiple hot and warm wallets across chains in roughly 20 minutes on September 24. CEO Gracy Chen confirmed the breach and stated user funds remain safe while blaming spoofed transfers. The incident marks the largest centralized exchange hack of 2026 and pushed September total losses past $333 million.
Incident Details
- Type
- EXCHANGE HACK
- Funds Lost
- $351.6M
- Status
- Ongoing
Withdrawals suspended, stablecoins converted to ETH