Bitget Processes 9,585 Bitcoin Withdrawals After Hack as Reserves Drop
- —On Sept. 28 Bitget processed 9,585 withdrawal orders totaling 4,098 BTC after resuming Bitcoin withdrawals
- —Bitget's tracked Bitcoin reserves fell to about 30,770 BTC from 35,412 BTC — a drop of roughly 4,642 BTC (~$391 million)
- —Ethereum withdrawals are set for Sept. 29, USDT for Sept. 30, and remaining tokens and fiat for Oct. 2
- —NEAR Intents blocked more than $50 million in transfers tied to the hack, while THORChain refused to block attacker addresses
Why it matters: The reserve drain and THORChain's refusal to censor transactions highlight how hard it is to stop laundering of stolen funds and what that means for exchange trust.
Source: Blockonomi