Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain

What happened

Ether withdrawals are scheduled to return Tuesday and USDt on Wednesday as Bitget restores services following last week’s $388 million hack. Withdrawals for other assets and peer-to-peer services are scheduled to return Friday.

Crypto exchange Bitget is resuming withdrawals after a security breach affecting nearly $388 million in assets, as the attacker continues moving stolen crypto through THORChain. Bitget said it resumed Bitcoin (BTC) withdrawals Monday after suspending them following last week’s security incident , with additional assets and networks set to follow over the coming days.

Bitget later revised the stolen amount from $351.6 million to $387.5 million after accounting for additional transfers on Zcash and Tron. Ether and USDT withdrawals next as security checks progress BTC withdrawals on the Bitcoin network and the BNB Smart Chain resumed first, Bitget CEO Gracy Chen said during a Monday ask-me-anything session.

The schedule applies to all users, with no priority access for institutions, VIP customers or Bitget employees, Chen said. The protocol has no built-in address blacklist, he said, limiting its ability to block specific addresses.