Bitget Raises Hack Estimate To $387.5M And Sets Withdrawal Restart Plan

TL;DR Bitget has increased the confirmed value of assets transferred to attacker-controlled addresses from $351.6 million to about $387.5 million. The exchange says the underlying vulnerability has been identified and remediated. Withdrawals are scheduled to return in stages beginning with Bitcoin on September 28 and continuing through October 2. Bitget has published a substantial update on this week’s security breach, increasing the confirmed amount transferred to attacker-controlled wallets and laying out a timetable for restoring withdrawals. The exchange now puts the affected assets at approximately $387.5 million, up from its initial estimate of $351.6 million. Bitget says the change reflects additional assets identified during transaction tracing rather than a second wave of unauthorized transfers. The Vulnerability Has Been Patched, Bitget Says According to the exchange, its security team has now identified the attack path and the method used to bypass existing controls. Bitget says the underlying vulnerability has been remediated and that no further unauthorized transfers are possible. Independent teams from Mandiant and SlowMist are participating in the investigation. The ...