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Home»Exchanges»Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain
Exchanges

Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain

NBTCBy NBTC28/09/2026No Comments2 Mins Read
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Bitget later revised the stolen amount from $351.6 million to $387.5 million after accounting for additional transfers on Zcash and Tron.

Ether and $USDT withdrawals next as security checks progress

$BTC withdrawals on the Bitcoin network and the $BNB Smart Chain resumed first, Bitget CEO Gracy Chen said during a Monday ask-me-anything session.

“We restored $BTC first because the withdrawal pipeline is the first to be completed,” Chen said, adding that Ether ($ETH) and Tether’s USDt ($USDT) would follow as security checks progress.

Under Bitget’s announced schedule, $ETH withdrawals are set to resume Tuesday across Ethereum, $BNB Smart Chain, Arbitrum, Base and Optimism, followed by $USDT on Wednesday across Ethereum, $BNB Smart Chain, Solana and Tron. Withdrawals for other assets and peer-to-peer services are scheduled to return Friday.

Source: Bitget

The schedule applies to all users, with no priority access for institutions, VIP customers or Bitget employees, Chen said.

THORChain says network halt cannot selectively freeze funds

Bitget CEO Gracy Chen has called on THORChain, a decentralized protocol for swapping assets between blockchains, to refuse services to addresses linked to the attack.

Lookonchain reported Monday that the attacker was swapping Ether for Bitcoin through THORChain, as Arkham data showed $ETH linked to the attacker flowing into THORChain vaults.

THORChain said Monday that its network halt is an emergency security mechanism that affects the protocol broadly and “is not a selective freeze of specific funds or an individual swap.”

Source: Arkham

Crypto author Anndy Lian said THORChain can halt trading, stop outbound transactions or pause a connected chain, but those measures affect users broadly. The protocol has no built-in address blacklist, he said, limiting its ability to block specific addresses.

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