Bitget Reports $388 Million in Assets Compromised by Security Breach
Bitget, a cryptocurrency exchange, has released an updated report regarding its recent security breach, indicating that approximately $388 million in assets were compromised. This figure is about $35 million higher than the initial estimate of $352 million, which did not account for certain assets on the Zcash and TRON networks.
In a statement issued on Friday, Bitget confirmed that it would continue to suspend withdrawals as it navigates the aftermath of the breach. The company has also launched a bounty program aimed at incentivizing the freezing or recovery of the stolen assets. According to on-chain tracing, around $387.5 million was transferred to addresses controlled by the attackers, reflecting a more comprehensive assessment of the transfers that occurred during the incident.
The breach involved assets from various networks, including Ethereum Virtual Machine (EVM) networks, the XRP Ledger, Zcash, and TRON. Among the cryptocurrencies stolen were XRP, Ether (ETH), Tether’s USDt (USDT), Zcash (ZEC), USDC, and others. Notably, the follow-up report did not address earlier comments from CEO Gracy Chen, who suggested that a North Korean hacking group might have been responsible for the attack.
Cleared for Release
Despite the updated figures, the Bitget security breach remains one of the largest incidents to impact the cryptocurrency industry, following a previous hack in February 2025, where hackers stole approximately $1.5 billion worth of Ether from Bybit. The incident has raised concerns about the security of cryptocurrency exchanges and the potential for further unauthorized transfers, although Bitget has stated that the situation is contained and no additional unauthorized transfers are possible.
