Bitget processed 4,098 BTC in withdrawals within a single hour of reopening Bitcoin access on September 28, CEO Gracy Chen said, signaling immediate and concentrated demand the moment the exchange restored access following a security incident.
Bitcoin Access Restored on September 28 After Exchange Halt
Bitget suspended Bitcoin withdrawals as part of its response to a platform vulnerability. The exchange reopened BTC withdrawals on September 28, with Ethereum access scheduled to follow on September 29, signaling a phased restoration of services prioritizing its highest-volume asset.
The vulnerability behind the suspension prompted Bitget to halt services across several assets while it assessed and remediated the breach. The phased resumption reflected the exchange’s approach of restoring Bitcoin access before other tokens.
4,098 BTC Processed Within One Hour of Reopening
Chen attributed the 4,098 BTC figure specifically to the first hour after access was restored on September 28. That volume represents immediate user-driven activity concentrated in a narrow window, not a cumulative daily or session total.
Broader on-chain data corroborated the scale of outflows: nearly 5,000 BTC left Bitget in the period surrounding the withdrawal restart, consistent with the pace implied by Chen’s figure. Separately, blockchain analysts noted that hackers had begun moving portions of stolen funds through mixing services, with AMLBot tracing 4 BTC from the Bitget hack into Wasabi CoinJoin.
What the Reported Figure Establishes and What It Does Not
The 4,098 BTC total covers processed withdrawals in the first hour only. It does not represent net outflows for the full day, nor does it indicate the number of individual users who withdrew or the USD equivalent at the time of processing.
No additional balance sheet figures, user count data, or independently verified exchange reserve changes were available from the sources provided. The withdrawal halt also briefly affected USDT withdrawals on the Aptos network during the same period, reflecting the broader scope of the operational pause.
For retail users in Southeast Asian markets such as Indonesia and the Philippines, where Bitget maintains an active presence, the one-hour withdrawal pace provides a signal of user demand following the incident but does not constitute a complete picture of platform stability or reserve health. Regional observers will likely monitor subsequent on-chain reserve data for a fuller read on net outflow trends. Separately, Bitget’s planned halt of crypto trading services in Japan adds another dimension to the exchange’s ongoing operational adjustments across Asia.
Additional source references: source document 1.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
