Ethereum · Decrypt
Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets
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More than $350 million in crypto assets has been drained from wallets belonging to cryptocurrency exchange Bitget in a confirmed hack, according to CEO Gracy Chen.
Key facts
- At 18:31 UTC on September 24, 2026, Bitget's security systems detected unauthorized transfers from some of their hot wallets
- Fresh wallet 0xe410…d946 bought 7,111 ETH on Arbitrum in 6 min with 19.67M USDT0 (from a Bitget hot wallet), via UniswapX + 1inch Fusion, paying up to +5% over spot…
- $183M moved from Bitget wallets as recent as 24 minutes ago to the hacker's address
- In 2023, Bitget touted a $300 million protection fund built specifically to cover hacks, theft, and similar losses
Summary
On-chain data shows roughly $183 million in ETH, USDT, USDC, AVAX, BNB, and other tokens moved from wallets labeled as Bitget's to a single address over about an hour on Thursday. A freshly created wallet spent $19.67 million in USDT0 to buy 7,111 ETH in six minutes on Arbitrum, paying up to 5% above market price through decentralized exchanges UniswapX and 1inch Fusion. Users report blocked withdrawals and Bitget has since confirmed the hack following publication. Chen said company cold wallets, those held offline, remain "fully secure," and that only the exchange's hot wallets, those connected for daily trading, were affected by the exploit.