Bitget’s $351.6 million hack pushes September crypto losses to 2026 high
Summary
Bitget suspended withdrawals after unauthorized transfers drained about $351.6 million from a limited number of hot and warm wallets. The exchange said cold wallets and most platform assets were unaffected, customer balances remain accurate, and its $464 million-plus protection fund covers the losses. Deposits and trading continue while Bitget investigates, with law enforcement and security firms notified. The exchange has not identified the attack method and plans to publish an incident report within 24 hours. The breach could make September 2026 the costliest month for crypto exploits, with reported gross losses exceeding $684 million, though the total may change as recovery efforts continue.
