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Why did Seychelles-based crypto exchange Bitget temporarily suspend customer withdrawals after detecting unauthorized wallet transfers in September 2026, how much cryptocurrency was stolen, what did CEO Gracy Chen say about the safety of its more than 120 million users’ funds and
Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund would cover the ful Bitget temporari...
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- Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund would cover the ful
- Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund
- **Scale:** The initial Bitget estimate was less than a quarter of the approximately $1.5 billion stolen from Bybit in 2025. The FBI attributed the Bybit theft to North Korean actors; North Korean involvement in the Bitget breach was a suspicion reported during the investigation,
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Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund would cover the full loss. Those were Bitget’s assurances, not an independent finding that compensation had been completed. 1
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- Scale: The initial Bitget estimate was less than a quarter of the approximately $1.5 billion stolen from Bybit in 2025. The FBI attributed the Bybit theft to North Korean actors; North Korean involvement in the Bitget breach was a suspicion reported during the investigation, not an established FBI attribution.
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- Why recovery is difficult: Investigators can follow some transactions on public blockchains, but stolen assets can be moved and converted quickly through services and jurisdictions beyond any one authority’s reach. The FBI’s Bybit alert warned of efforts to convert and launder the stolen assets—illustrating why tracing a transfer does not necessarily mean recovering the funds.
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What is the short answer to "Why did Seychelles-based crypto exchange Bitget temporarily suspend customer withdrawals after detecting unauthorized wallet transfers in September 2026, how much cryptocurrency was stolen, what did CEO Gracy Chen say about the safety of its more than 120 million users’ funds and"?
Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund would cover the ful
What are the key points to validate first?
Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund would cover the ful Bitget temporarily suspended withdrawals to contain and investigate unauthorized transfers from its wallets in September 2026. Its initial estimate was about $351.6 million in stolen cryptocurrency; CEO Gracy Chen said users’ funds were safe and that Bitget’s User Protection Fund
What should I do next in practice?
**Scale:** The initial Bitget estimate was less than a quarter of the approximately $1.5 billion stolen from Bybit in 2025. The FBI attributed the Bybit theft to North Korean actors; North Korean involvement in the Bitget breach was a suspicion reported during the investigation,
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