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Crypto Hack Spurs $463 Million in Customer Outflows at Bitget

Crypto Hack Spurs $463 Million in Customer Outflows at Bitget

Hacked crypto exchange Bitget recorded roughly $463 million in net outflows in the 24 hours into Tuesday, as customers moved assets off the platform following last week’s $388 million theft.

The surge came after Bitget began restoring withdrawals and marked the largest one-day net outflow since data aggregator DefiLlama began tracking proof-of-reserves four years ago. The exchange currently holds about $5.7 billion in reserves.

Bitget is reopening withdrawals in stages, starting with Bitcoin on Monday, followed by Ether and USDT. Withdrawals of other tokens, along with fiat and peer-to-peer services, are set to resume Oct. 2, Bitget said in a post on its website. The staggered rollout was a security measure “unrelated to…

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