{
  "id": 9710590,
  "title": "Bitget says $351.6 million hack hit wallet backend, withdrawals remain suspended",
  "url": "https://urgent.news/2026/09/25/bitget-says-351-6-million-hack-hit-wallet-backend-withdrawals-remain",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-25T05:02:13.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/markets/bitget-says-3516-million-hack-hit-wallet-backend-withdrawals-remain-suspended-1.500687264"
  },
  "original_language": "en",
  "account": "Dubai-based crypto exchange Bitget revealed on September 24, 2026 that hackers breached the critical backend system within its wallet infrastructure, resulting in unauthorized transfers amounting to about $351.6 million. Bitget said the attacker was able to manipulate transaction data and trigger the authorization process, transferring the funds. However, private key compromise was ruled out, eliminating the risk of more severe scenarios. CEO Gracy Chen confirmed that loss containment is confirmed and no further unauthorized transfers are possible. Withdrawals are currently suspended as technical teams work on repairs and security upgrades. Bitget operates a three-layer wallet system, where the breach was confined to parts of its hot and warm wallet infrastructure, leaving cold wallets intact. The exchange has identified the compromised parts of its infrastructure and reported the abnormal transfer addresses, involving law enforcement agencies and on-chain security firms in the investigation. The exact intrusion method is still under investigation. A portion of the stolen funds was already swapped for Ether, as reported by blockchain analytics platform Lookonchain, with approximately $183 million estimated to have been converted.",
  "summary": "Dubai: Crypto exchange Bitget says hackers breached a critical backend system within its wallet infrastructure to carry out approximately $351.6 million in unauthorised transfers, while withdrawals remain suspended as technical teams work on repairs and additional security checks. Get updated faster and for FREE: Download the Gulf News app now - simply click here. The exchange said the attacker…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}