News
Public · Published
Bitget's hack just got $36 million bigger, and now there's a bounty on the stolen crypto
Bitget says the amount taken in a hack has grown by $36 million, with the revision adding assets from the same incident. The exchange plans to announce a withdrawal plan by Sept. 26.
Published:
Updated:
What happened
Bitget says the amount taken in a hack has grown by $36 million, with the revision adding assets from the same incident. The exchange plans to announce a withdrawal plan by Sept. 26.
Confirmed
Global impact / market context
A larger confirmed loss means Bitget must cover more customer assets, which can strain its cash available and delay withdrawals. That matters for customers and investors because trust in an exchange depends on getting money back.
Analyst inference
The article names ZEC, a privacy-focused crypto asset, as a known asset. A bigger exchange hack can make traders more cautious about holding coins on centralized platforms, potentially shifting activity and pricing across related assets.
Analyst inference
What to watch
- Bitget says it will announce a withdrawal plan by Sept. 26, giving customers a timeline for recovering funds from the exchange. Confirmed
- A bounty on the stolen crypto is now mentioned, which could reward anyone who helps trace or return the assets. Proposed
- Watch whether Bitget honors the Sept. 26 plan and whether ZEC or other named assets face selling pressure as users react. Analyst inference
Affected assets
- ZEC — Zcash