Bitget has resumed Bitcoin withdrawals after experiencing a significant security breach that resulted in a $388 million hack last week. The exchange is also preparing to reinstate Ether and USDt withdrawals, with Ether expected to return on Tuesday and USDt on Wednesday, according to CoinTelegraph.
During the incident, hackers reportedly swapped stolen Ether via THORChain, complicating recovery efforts. Bitget’s move to restore withdrawal services marks a critical step in stabilizing user confidence after the large-scale breach.
For Japanese investors, this incident underscores the ongoing risks in the crypto market and highlights the importance of due diligence when engaging with overseas exchanges, especially amid rising cyber threats targeting digital assets.