
Bitget restores withdrawals after $388M hack, sees $231M net inflow in a day
- —The Sept. 25 hack affected about $388 million; the root cause was a zero-day in a third-party security product, not leaked keys
- —The protection fund, which held 5,500 BTC ($464 million), covered the losses and was replenished to $300 million on Sept. 30
- —Withdrawals reopened in stages: BTC on Sept. 28, ETH on Sept. 29, USDT on Sept. 30 and remaining assets on Oct. 2
- —Net inflows hit $231 million in the first 24 hours; ETH saw a net inflow of 651 coins in the first hour
Why it matters: The case shows a protection fund and transparent withdrawal timelines can restore user trust after a major exchange hack.
Source: ChainCatcher 链捕手