Bitget Lost $351.6 million Through Its Own Signing Systems: What US Crypto Holders Should Do Now
At 18:31 UTC on September 24, 2026, Bitget detected unauthorized transfers involving approximately $351.6 million from portions of its hot and warm wallets. Withdrawals stopped; deposits and trading continued. Its official security notice said cold wallets were secure and a User Protection Fund holding more than $464 million covered the loss. Those assurances were company statements, not independently verified findings. The Seychelles-registered exchange exposed a problem relevant to US holders even without a Bitget account: crypto held at an exchange is not an insured bank deposit. A displayed balance, a reimbursement promise, and access to withdrawals are three different things. ...