# Bitget Reports $463M Outflows After $388M Hack

> Bitget sees $463 million in outflows as it recovers from $388 million hack.
- Title: Bitget Reports $463M Outflows After $388M Hack · Pymnts
- Summary: Bitget sees $463 million in outflows as it recovers from $388 million hack. Bitget recorded $463 million in net outflows following a $388 million hack, with…
- Keywords: bitget, hack, cryptocurrency, outflows, protection fund, security audit, north korea, business, finance, Reports, 463M, 388M
- Source: Pymnts — https://pymnts.com/cryptocurrency/2026/bitget-sees-463-million-in-outflows-following-388-million-hack
- Author: PYMNTS
- Published: 2026-09-29T15:55:21+00:00
- Read time: 1 min
- Topics: bitget, hack, cryptocurrency, outflows, protection fund, security audit, north korea, business, finance
## Bitget's $463 Million Outflows
Bitget recorded around $463 million in net outflows after suffering this year’s worst cryptocurrency hack.
## Hack Details
Bitget reported $387.5 million stolen in an attack involving unauthorized transfers from hot wallets.
## Withdrawals Suspended
Bitget suspended withdrawals while conducting a security review and activating emergency response procedures.
## Staggered Withdrawal Rollout
Bitget reopened withdrawals in stages starting with bitcoin on Monday, followed by ether and usdt stablecoin.
## Protection Fund Drops
Bitget’s $464 million user protection fund now stands below $200 million after absorbing the hack’s financial impact.
## CEO Response
Bitget CEO Gracy Chen stated the fund will be replenished using company capital to reach $300 million within one week.
## Key takeaway

Bitget recorded $463 million in net outflows following a $388 million hack, with the protection fund dropping below $200 million.