Bitget Allegedly Hacked, $388 Million in Assets Affected, North Korea Under Scrutiny

Bitget was allegedly hacked after suspicious transaction activity led to the movement of a large amount of assets. The estimated losses, initially around US$351 million, were later revised to approximately US$387.5–388 million after transaction calculations were updated.

The incident, referred to as the Bitget hack 2026, immediately drew attention from the crypto community due to allegations of involvement by a North Korean hacker group. 

Amid the investigation, Bitget has also restored its Protection Fund to above US$300 million and begun gradually reopening asset withdrawal services.

The main question for crypto users at this point is whether their assets remain safe and what steps should be taken following reports of the Bitget security incident.

Key Takeaways

• Bitget experienced a security incident affecting assets worth approximately US$387.5–388 million. 
• Bitget has restored its Protection Fund to more than US$300 million and gradually reopened asset withdrawals.
• The alleged involvement of a North Korean group remains under investigation and has not been established as a final conclusion.

Bitget Hack 2026: Timeline of the Alleged Attack and Asset Transfers

The Bitget hack 2026 case began when its security system detected unusual activity involving several wallets used by the platform. The transactions showed the movement of large amounts of assets, which subsequently triggered an internal investigation.

Bitget then took security measures to limit further risks. The blockchain security team also tracked wallet addresses associated with the suspicious transactions. 

After transaction calculations were updated, Bitget CEO Gracy Chen said the value of affected assets was approximately US$387.5–388 million, higher than the initial estimate of around US$351 million. 

Bitget then continued the process of tracing and recovering assets related to the incident.

Read also: Revolut $3 Million Hack: Digital Attack Method Threatening Global Fintech Security

What Happened in the Bitget Alleged Hack Case?

According to initial information, the affected assets came from several wallet  infrastructures used for Bitget's operations. 

Recent developments show that the estimated losses, previously believed to be around US$351 million, were later revised to approximately US$387.5–388 million. 

Bitget also began gradually restoring withdrawal services after taking security measures to protect its infrastructure.

Bitget stated that its Protection Fund had returned to above US$300 million as of September 30, 2026, two days earlier than the previously set target. 

However, this amount remains below the Protection Fund's pre-incident value, which was reported to have exceeded US$464 million.

The restoration of the Protection Fund should also be distinguished from the recovery of stolen assets. The protection fund is a mechanism to help address risks to users, while efforts to freeze and recover assets moved as a result of the attack are still ongoing.

Bitget stated that user funds remain a top priority and that the company is conducting an investigation to determine the scope of the impact. 

This case again demonstrates that security is one of the key factors when choosing a crypto platform, rather than looking only at trading volume or the number of available assets.

Bitget Security Incident: Are User Funds Still Safe?

Following reports that Bitget was hacked, many users began seeking information about the security of their balances. The biggest concern is whether personal assets were also affected or whether only the platform's operational assets were involved.

Bitget stated that user assets remain protected through its internal security system and user protection fund. 

On September 30, Bitget stated that its Protection Fund had been restored to more than US$300 million. CEO Gracy Chen previously said that the fund was above US$464 million before the incident, meaning that its recovery to above US$300 million does not mean the fund has returned to its pre-attack level.

Asset withdrawals were also restored gradually. Bitcoin withdrawals began on September 28, Ethereum and assets on EVM networks on September 29, while USDT withdrawals began on September 30. Other assets, fiat services, and P2P were scheduled to follow on October 2.

Some steps users can take after a crypto security incident include:

• Enable two-factor authentication (2FA).
• Avoid clicking links claiming to be from Bitget.
• Check account login activity regularly.
• Consider using a personal wallet for long-term storage.

Crypto asset security does not depend solely on the platform, but also on users' habits in protecting their account access.

Read also: iPhone App Steals USDT Worth IDR 9 Billion: Here's How the Attack Works

Bitget North Korea: Why Is a DPRK Hacker Group Allegedly Involved?

One of the biggest areas of attention in this case is the alleged connection to a North Korean hacker group. 

Bitget CEO Gracy Chen said the alleged North Korean involvement was based, among other things, on IP addresses and VPN usage patterns that were said to resemble those associated with groups linked to the DPRK. 

However, Bitget has not fully ruled out the possibility of internal involvement and stated that further investigation is still required.

Hacker groups linked to North Korea have previously drawn attention in the blockchain industry because several major digital asset theft cases have been associated with such actors.

Read also: Hyperliquid Becomes a Transaction Route for Lazarus Group: What Are the Risks?

Is Bitget Wallet Safe After This Incident?

Many users are also seeking information about the condition of Bitget Wallet after reports that Bitget was hacked. 

Based on the latest information, the main incident involved the exchange's wallet infrastructure, and there has been no confirmation that all Bitget Wallet user services were affected.

Some important crypto wallet security principles include:

1. Do not share your private key or seed phrase.
2. Use a unique password and 2FA.
3. Use a trusted device when accessing your wallet.

Read also: Claude Malware: Can an AI Link Steal Crypto?

What Should Bitget Users Do After the Alleged Hack?

When a case such as the alleged Bitget hack occurs, panic-driven decisions can often harm users. The appropriate approach is to seek information from official sources and understand the actual situation.

Here are some actions users can take:

• Check Bitget's official announcements.
• Make sure the account uses additional security features.
• Do not trust information from unofficial accounts.
• Monitor the investigation's progress. 
• Monitor withdrawal status and Bitget's official announcements before taking action on assets.

For those who want the latest updates on the Bitget hack 2026, blockchain news, and crypto market developments, you can follow the latest information through Bittime.

Read also: Downloading Pirated Movies Can Steal Crypto Wallets and Passwords

Conclusion

The alleged Bitget hack has become one of the crypto security incidents drawing attention. The estimated value of affected assets was revised from around US$351 million to approximately US$387.5–388 million after transaction calculations were updated.

Bitget has restored its Protection Fund to more than US$300 million and begun gradually reopening asset withdrawals. 

However, the restoration of the Protection Fund does not mean that all stolen assets have been recovered. The process of freezing and recovering the assets is still ongoing.

For crypto users, this incident is a reminder that digital asset security should be a priority. Follow the latest developments regarding the Bitget hack 2026 and other crypto news through Bittime.

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FAQ

Was Bitget allegedly hacked in 2026?

Yes. Bitget experienced a security incident involving suspicious asset transfers worth around US$351 million and is currently under investigation.

Did the Bitget hack cause user funds to be lost?

Bitget stated that user funds remain safe and that the incident is being handled through the company's internal protection system.

Was North Korea involved in the Bitget hack?

There are allegations of involvement by a North Korean hacker group based on initial findings, but the investigation is still ongoing to determine the responsible party.

Was Bitget Wallet affected?

There has been no confirmation that all Bitget Wallet services were affected. The main incident involved the exchange's wallet infrastructure.

What should Bitget users do after this case?

Users are advised to strengthen account security, enable 2FA, avoid suspicious links, and follow official information from Bitget.