Bitget lost about $387.5 million to forged withdrawals from its wallet system, more than half of September's $742 million in crypto thefts. Most of Liquid Network's loss was handed back, so what stayed stolen sits mainly with one exchange's withdrawal infrastructure.
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NEAR Intents got back all $3.8 million drained through a bug between its Omni deposit-and-withdrawal layer and its contract, after encrypted talks. Whether that layer is safe now rests on the patch, since every user who lets the protocol choose a bridge depends on it.
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Bitget lost about $387.5 million on September 24 after attackers used stolen admin credentials to inject withdrawals that its risk checks treated as internal. Its first alarm halted user withdrawals while the backend kept signing, according to a dev.to analysis.
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Chainalysis tied the $387 million Bitget hack to North Korea-linked hackers, saying it pushed their 2026 crypto theft past $1 billion. Its AI cut more than 20 hours of tracing to minutes, while the bill falls on a Bitget user fund the exchange puts above $464 million.
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Near Intents halted its cross-chain swap service after a bug in its Omni deposit layer let an attacker take about $3.8 million. Crypto balances carry no deposit insurance, so affected users are relying on the operator's promise to repay them in full.
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Bitget has recovered an estimated 0.2% of the $387.5 million hackers drained on September 24, through freezes by NEAR Intents, Tether and Circle. Its own User Protection Fund is covering the rest, so the protocols that cooperated cut Bitget's bill by less than $1 million.
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NEAR Intents' SHIELD layer refused all but $166,000 of a $50 million-plus attempt by Bitget's hackers. That makes screening policy the clearest difference between NEAR and THORChain. Each protocol carries a different exposure because of it.
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Bitget CEO Gracy Chen doubts much of the $387.5 million stolen via a backend tied to a third-party security vendor will come back. So far about 0.2% of the loss has been frozen, so the exchange itself is paying for an outsourced security flaw.
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Bitget says attackers may have used a flaw in a third-party security product to get internal credentials and forge $388 million of withdrawals. The account puts vendor software that can reach a withdrawal system inside an exchange's counterparty risk, alongside its own wallet controls.
Publishers:bitget.com · cointelegraph.com Reality
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Suspected North Korean hackers have moved $3.8 million of Bitget's $387.5 million into Zcash's shielded pool, about 1% of the haul. About $24 million of stolen ZEC remains in transparent addresses that exchanges and police can still freeze.
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Grayscale's Zcash ETF recorded a $30.25 million net outflow on Sept. 30, leaving cumulative net inflows near $268 million. With ZEC 21% below its late-September peak, the next flow prints will show whether the fund's buyers stay with the coin after its run.
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Bitget says attackers stole $387.5 million after exploiting zero-days in two third-party security appliances. Investigators say the appliances' privileged access led the attacker to its production wallet server.
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Bitget CEO Gracy Chen expects to recover little of the $388 million stolen from the exchange, citing Bybit's 3.5% freeze rate. On that benchmark about $13.6 million is frozen within a year and roughly $374 million stays with whoever carries the loss.
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Crypto hacks drained $766.49 million in September, a 2026 monthly record, and $387.5 million came from one breach of Bitget's hot wallets. After the money returned from the Liquid Network exploit, that one exchange accounts for about 80% of what stayed stolen.
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Wallets tied to the $387.5 million Bitget hack moved 2,746 ZEC, about $3.9 million, into Zcash's Ironwood shielded pool on September 30. The deposit is about 1% of the theft, and across every route tracked so far roughly 13 dollars have gone dark for each dollar frozen.
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NEAR Intents' SHIELD blocked $50 million of Bitget hack funds while THORChain declined Bitget's request to stop the flow. Lawyer Yuriy Brisov says claimants can use that shown control against NEAR in cases far beyond this one.
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Bitget customers pulled about $463 million in the first 24 hours after withdrawals reopened, more than the $388 million hackers stole on September 24. The protection fund covers the theft with about $76 million to spare, so the withdrawals now test whether the $5.7 billion left in reserves matches what Bitget owes customers.
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Bitget lost $387.5 million after attackers inside its wallet backend falsified transaction data that its own authorization process then approved. Its CEO says the private keys stayed safe, so the failure sat in the step between approval and signature.
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Bitget said a flaw in a third-party security product gave an attacker the internal credentials used to take about $388 million on September 24. With the product unnamed and no fix confirmed, other companies running it cannot yet check their own exposure.
Reality
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- Adoption
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Bitget CEO Gracy Chen said the exchange's $387.5 million breach ran through a vulnerability in a third-party security product that gave attackers internal credentials to sign off fraudulent withdrawals. The loss was about 83% of its $464 million Protection Fund.
Reality
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Earlier coverage
- Suspected North Korean attackers used Bitget's own signing process to move $351.6M
Security · September 25, 2026 · 10 publishers
- Bitget presses THORChain to cut off the wallets holding its stolen $387.5 million
Invest · September 26, 2026 · 3 publishers
- Most of Bitget's $387.5 million hack loss sits untouched in attacker wallets
Invest · September 27, 2026 · 15 publishers
- Two-year-old Magic Eden listing approvals handed an attacker 305 NFTs
Invest · September 27, 2026 · 2 publishers
- THORChain refuses to block Bitget-linked addresses despite pausing itself for a $10.7 million hack
Invest · September 27, 2026 · 1 publisher
- Bitget presses Thorchain to shut out the hackers behind its $387.5 million loss
Leadership · September 26, 2026 · 1 publisher
- Bitget's own approval process moved out $388 million on spoofed transaction data
Product · September 25, 2026 · 3 publishers
- GoPlus says three THORChain validators could halt the swaps that moved $51.5 million of Bitget's stolen funds
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- Robinhood matched BNB Chain's 500,000 tokenized-stock holders in about six weeks
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- Bitget says spoofed backend data drained $351.6 million from its hot and warm wallets
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- Bitget's own authorization process approved $351.6M in transfers built on spoofed data
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- Bitcoin clears the 50-week average that ended four of the last five bear markets
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