# Bitget Crypto Hack Losses Hit $387M

> Bitget reports $387.5m crypto theft as largest annual hack.
- Title: Bitget Crypto Hack Losses Hit $387M · Pymnts | Shortify
- Summary: Bitget reports $387.5m crypto theft as largest annual hack. Bitget suffered a $387.5 million crypto hack, the largest this year, with user funds protected by…
- Keywords: bitget, crypto, hack, user protection fund, north korean, trm labs, cryptocurrency exchange, business, finance, Losses, Hit, 387M
- Source: Pymnts — https://pymnts.com/cryptocurrency/2026/bitget-suffers-years-largest-crypto-hack-as-losses-top-387-million
- Author: PYMNTS
- Published: 2026-09-25T19:31:58+00:00
- Read time: 1 min
- Topics: bitget, crypto, hack, user protection fund, north korean, trm labs, cryptocurrency exchange, business, finance
## Bitget Reports $387.5m Theft
Bitget said assets equivalent to about $387.5 million were stolen in an attack the company announced Thursday (Sept. 24).
## Revised Loss Estimate
The revised figure reflects a more complete accounting of transfers that occurred during the incident, adding affected assets on Zcash and TRON not included in the initial estimate.
## Security Response
Bitget suspended withdrawals while its teams complete a comprehensive security review and activated emergency response procedures.
## User Funds Protected
Most importantly, user funds remain protected under Bitget’s User Protection Fund, which holds more than $464 million.
## North Korean Suspected
CNBC reported Bitget CEO Gracy Chen suspects a North Korean hacking group may be behind the breach.
## Withdrawals to Resume
Bitget will announce a withdrawal plan Saturday (Sept. 26) at 4 a.m. UTC, restoring services after security checks.
## Key takeaway

Bitget suffered a $387.5 million crypto hack, the largest this year, with user funds protected by a $464 million security fund.