Key facts
- Approximately $183 million in crypto assets was drained from Bitget exchange wallets.
- The assets were moved to a single, newly created address on September 24, 2026.
- A portion of the funds was used to purchase 7,111 ETH on Arbitrum.
- Users have reported blocked withdrawals from the exchange.
- Bitget has not yet issued a public statement regarding the incident.
- On-chain analysts note that Bitget's labeled wallets still hold approximately $500 million.
Cryptocurrency exchange Bitget is reportedly facing a potential hack, with on-chain data indicating that approximately $183 million in various digital assets has been moved from the exchange's wallets to a single address. The unusual activity was flagged by on-chain analysts, including Bubblemaps and Arkham, late on September 24, 2026. Over the course of about an hour, assets such as ETH, USDT, USDC, AVAX, and BNB were transferred out of wallets identified as belonging to Bitget.
One of the first significant movements involved a newly created wallet that quickly acquired 7,111 ETH for $19.67 million in USDT0 on the Arbitrum network. This transaction, executed via decentralized exchanges UniswapX and 1inch Fusion, saw the buyer pay up to 5% above the market rate, suggesting a priority on speed. Additional transfers of various tokens followed to the same destination address.
User reports indicate that withdrawals from Bitget have been blocked, a common response when an exchange suspects a security breach and freezes operations to investigate. Bitget itself has not yet issued a public statement confirming or denying the exploit. On-chain data suggests that while the suspicious outflows have ceased, Bitget's labeled wallets still hold an estimated $500 million in assets.