Bitget, a major cryptocurrency exchange, has restored withdrawal services for Bitcoin (BTC), Ether (ETH) and Tether's USDT stablecoin following a security incident reported to have caused losses of approximately $387 million. The exchange said the three assets, which rank among the most heavily traded on the platform, are once again available for withdrawal.

The restoration was confirmed through Bitget's official security incident page, which the exchange has been using to publish updates on the situation. Withdrawal services had been halted following the hack, which took place on Sept. 24. For exchange customers, withdrawal availability is the most direct measure of whether funds remain accessible, which is why the pace of these restorations has been the focal point of the exchange's public updates.

Withdrawals Resume for Three Core Assets

The reinstatement covers Bitcoin, Ethereum and Tether's dollar-pegged stablecoin, three assets that together represent a large share of typical exchange activity on the platform. It follows an earlier update in which Bitget resumed BTC withdrawals, and it marks a broader resumption of the platform's core withdrawal services. Because the three assets account for a large share of the platform's typical activity, their restoration returns most day-to-day withdrawal demand to service, even though the phased approach — BTC first, then ETH and USDT — leaves other parts of the exchange's service lineup unconfirmed.

The confirmation applies specifically to withdrawals of these three assets. The current status of deposits, trading and withdrawals for other tokens listed on Bitget has not been confirmed in the available information, and no timeline has been given for the restoration of remaining services. Users holding other assets are advised to check the exchange's official notices directly for the latest service status.

Reported Losses Reach $387 Million

According to reporting from Yahoo Finance, losses from the Bitget security incident climbed to approximately $387 million. The figure should be treated as a reported estimate rather than an officially confirmed number, since no independent on-chain verification has been provided in the available evidence. In incidents of this kind, early reported totals and final verified figures can differ, which makes the eventual exchange confirmation a key data point alongside the current estimate.

If accurate, a loss of that magnitude would make the incident one of the larger cryptocurrency exchange security failures in recent memory. However, several material details remain unconfirmed in the available information, including which assets were taken, how the breach occurred and whether user funds will be reimbursed. The reimbursement question is the one that bears most directly on users, since it concerns whether losses stemming from the incident are ultimately covered.

In a separate but related development, Bitget previously disabled XRP withdrawals as stolen XRP moved through accounts being tracked. The status of XRP, along with deposits, trading and withdrawals for any other assets beyond BTC, ETH and USDT, remains unclear based on current reporting. Tracing stolen funds as they move between accounts is a standard element of post-incident response, and continued movement through tracked accounts can shape which services stay restricted.

What Users Should Know

Users holding funds on Bitget are advised to check the exchange's official announcements for their specific assets before attempting any transactions. Withdrawal availability for BTC, ETH and USDT is confirmed; the status of all other services and assets should be verified directly rather than assumed.

Going forward, the most consequential open items are the ones the exchange has not yet confirmed: a verified final loss figure, an account of how the breach occurred, restoration timelines for services beyond BTC, ETH and USDT — including XRP — and whether any compensation framework is announced. Bitget's security incident page remains the primary channel for updates on individual assets and any compensation related to the hack.

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.