Bitget CEO: Will replenish the protection fund to over $300 million within a week after its use.

BlockBeats news, September 28: Bitget CEO Gracy Chen stated during the "Bitget Incident Review" livestream that at 2:31 AM Beijing time on September 25, assets in some infrastructure of Bitget's hot wallet and warm wallet were subject to unauthorized transfers across multiple chains.

Investigation revealed that attackers exploited vulnerabilities in third-party security products to steal internal network credential permissions, forged withdrawal instructions to the wallet system, and bypassed risk control checks. Private keys were not compromised, and the cold wallet was unaffected. The attack path has now been identified, the vulnerability has been fixed, and the incident has been fully contained.

It has been confirmed that approximately $388 million in assets were transferred out, and the attacker's addresses and on-chain tracking data have been publicly released. Gracy Chen stated that the entire loss will be covered by the user protection fund, and Bitget will replenish the protection fund to at least $300 million within one week after the fund is used.

Bitget has now initiated asset recovery-related plans and will share confirmed vulnerabilities and attack information with industry stakeholders, and will continue to publicly disclose asset tracking progress.