INTEL: Bitget CEO Gracy Chen says $387.5 million was transferred to attacker wallets in the Sept. 24 hack, up from the initial $351.6 million estimate Withdrawals are being prepared to resume, with a full plan due Sept. 26 at 04:00 UTC

What happened

Bitget CEO Gracy Chen says $387.5 million was transferred to attacker wallets in the Sept. 24 hack, up from the initial $351.6 million estimate. Withdrawals are being prepared to resume, with a full plan due Sept. 26 at 04:00 UTC.

Confirmed

Global impact / market context

A larger stolen amount means Bitget may need more cash available to cover customer withdrawals. If users rush to pull funds, the exchange could face a shortage, hurting confidence in crypto platforms and possibly inviting tighter regulation.

Analyst inference

The revised loss estimate and paused withdrawals show how a single hack can freeze customer access and shift cash available at a crypto exchange. Resuming withdrawals and publishing a plan may calm users, but trust remains fragile across the industry.

Analyst inference

What to watch

1. Bitget says a full plan for resuming withdrawals is due Sept. 26 at 04:00 UTC, which is the deadline users and investors can track. Confirmed
2. If Bitget resumes withdrawals smoothly on schedule, customer confidence may steady; delays or limits on payouts could trigger more selling and worsen cash available. Proposed
3. Watch whether the $387.5 million loss grows further, since a higher final figure raises the cash Bitget must replace and could affect its revenue, costs, and investor positioning. Analyst inference

Affected assets

• 00 — 00 Token

Evidence

• x.com