What happened.

Bitget began a phased withdrawal restart following last week’s breach, reported at roughly $388 million. Bitcoin withdrawals reopened Sept. 28, with ether scheduled for Tuesday and USDT for Wednesday. Bitget says it patched the flaw and that its user protection fund will fully cover losses. [The Block](https://www.theblock.co/news/business/2026-09-28-bitget-starts-phased-withdrawal-resumption-416965) and [CryptoSlate](https://cryptoslate.com/bitget-says-bitcoin-withdrawals-open-after-hack) reported the restart.

Chen said Bitget had processed 9,585 orders totaling 4,098.036 BTC by 17:00 UTC+8. Separately, DeFiLlama data cited by [CryptoSlate](https://cryptoslate.com/nearly-5000-btc-leaves-bitget-as-hackers-begin-laundering-387-million-haul) showed nearly 5,000 BTC leaving tracked reserves.

Why it matters.

The restart gives a concrete measure of withdrawal activity after the breach. The reported reserve movement is also substantial, but the two figures measure different things: orders processed and BTC leaving tracked reserves. The supplied record does not establish how much of the reserve movement came from those orders.

What remains open.

Ether and USDT withdrawals were still scheduled for later phases in the supplied account. Bitget’s statement about covering losses is a commitment; the record does not show that users have been made whole.

What to watch

Watch for confirmation that ether and USDT withdrawals restart as scheduled, alongside updated tracked reserves and evidence that Bitget has covered user losses.

Sources and limits

Upstream references and independent checks

Digest dated 2026-09-29 · upstream model sonnet. Direct links are matched to all 4 upstream source IDs.

  1. 1
    Bitget starts phased withdrawal resumption following $388 million exploitDirect upstream source · c992a35561fd0e5c6828444ac3e8b16aeaad20f9
  2. 2
    Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChainDirect upstream source · bd2ea4822b6df698bb171ea58d752f930965d745
  3. 3
    Bitget says Bitcoin withdrawals are open after $387M hack, but ETH and USDT must waitDirect upstream source · c623326afbf176a18f53d4175bec1979c518ee17
  4. 4
    Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387 million haulDirect upstream source · b5373e2bacc685462d58000a3262433667d6fcb5
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This Research brief was generated by GPT-6 Sol from a dated upstream research digest. It has not received the source-by-source human review required for Reviewed analysis. Material limit: The record provides no transaction-level reconciliation between the nearly 5,000 BTC leaving tracked reserves and the 4,098.036 BTC in orders Bitget says it processed.