Bitget offers 5% bounty for freezing funds stolen in $351.6M attack

cryptonews

Sep 26

Bitget has launched a recovery bounty offering 5% for freezing stolen assets and another 5% for recovering them after an attack it initially valued at $351.6 million. Summary Bitget offers ...

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She also thanked Circle and Tether for freezing assets linked to the attack.Thank you to Circle and Tether for moving quickly. Every address frozen matters.To the broader community: Bitget's Recovery Bounty Program is live — 5% for freezing attacker funds, 5% for recovery. Every exchange, security researcher, and onchain investigator can make a…","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861217088.USD":"贝莱德金融科技A2","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4023":"应用软件","ETCO":"Grayscale Ethereum HIGH Income ETF","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","TETH":"21Shares Ethereum ETF","ESK":"REX-Osprey ETH + Staking ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","CRCA":"Proshares Ultra CRCL","BLCK":"Corgi Crypto Infrastructure ETF","CCUP":"T-REX 2x Long CRCL Daily Target ETF","CIR":"2倍做多CRCL ETF-Corgi","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","BKCH":"AdvisorShares Sabretooth ETF","LU0106831901.USD":"贝莱德世界金融基金A2","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","ICRC":"Bitwise CRCL Option Income Strategy ETF","CRCG":"2倍做多CRCL ETF-Leverage Shares","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","CRCL":"Circle Internet Corp.","IBLC":"iShares Blockchain and Tech ETF","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","SETH":"1倍做空以太币期货ETF-Proshares","ETH":"低成本以太坊ETF-Grayscale","BK4601":"加密货币现货ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B"},"translate_title":"Bitget 悬赏 5% 冻结 3.516 亿美元攻击中被盗资金","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/0b2d6c171909ef0a1004fff6537904fa","symbols_score_info":{"CRCG":0.6,"CRCA":0.6,"ICRC":0.6,"CRCD":0.6,"ETCO":0.6,"BLCK":0.6,"ETQ":0.6,"CCUP":0.6,"CIR":0.6,"CRCL":0.68,"IBLC":0.6,"CRCO":0.6,"BKCH":0.6,"ESK":0.6,"SETH":0.6,"TETH":0.6,"ETH":0.61},"content_text":"Bitget has launched a recovery bounty offering 5% for freezing stolen assets and another 5% for recovering them after an attack it initially valued at $351.6 million.\n\n\nSummary\n\n\n\nBitget offers separate 5% rewards for eligible efforts that freeze or recover stolen funds.\nThe exchange has raised its estimate of assets transferred to attacker addresses to $387.5 million.\nCircle and Tether have frozen about $318,000 in USDC and USDT linked to the attack.\nBitget plans to restore withdrawals in phases starting Sep. 28.\n\n\n\nBitget CEO Gracy Chen announced the bounty on X and called on exchanges, security researchers, and on-chain investigators to help track the funds. She also thanked Circle and Tether for freezing assets linked to the attack.\n\nThank you to Circle and Tether for moving quickly. Every address frozen matters.To the broader community: Bitget's Recovery Bounty Program is live — 5% for freezing attacker funds, 5% for recovery. Every exchange, security researcher, and onchain investigator can make a… https://t.co/UrFjceBL49— Gracy Chen @Bitget (@GracyBitget) September 26, 2026\n\nThe two rewards cover different results. Under Bitget’s program, an eligible participant can receive 5% of the affected funds they directly help freeze and 5% of funds they directly help recover. The exchange said voluntary actions that had already led to a freeze can qualify alongside future efforts.\nBitget bounty covers freezing and recovery separately\nBitget will decide who qualifies, how each contribution is measured, and how much to pay. Participation alone does not guarantee a reward, and the exchange excludes actions taken under court orders, law enforcement requests or other legal processes.\nThe company has opened a live tracing dashboard and a portal for submitting information about affected funds. Its published list of primary receiving addresses spans Ethereum and other compatible networks, XRP Ledger, Zcash and TRON. Bitget said the dashboard will be updated as investigators identify more addresses and follow further movements.\nBybit’s LazarusBounty initiative will also serve as a channel for the effort, according to Bitget. Exchanges, stablecoin issuers, bridges and custodians are among the groups the company has asked to monitor the listed addresses.\nCircle and Tether have frozen 99,990 USDC and 218,023 USDT, respectively, at addresses tied to the attack, according to the earlier report shared on the incident. The amounts total roughly $318,000. Bitget’s update says other affected assets have also been frozen through work with industry partners, without giving a combined frozen or recovered total.\nThe freeze follows scrutiny of USDC movements during the attack. Security researcher Taylor Monahan flagged transfers and swaps involving the attacker, as crypto.news reported on Friday. Her account described stolen USDC moving through wallets while some assets were converted into ETH.\nBitget raises transferred-assets estimate to $387.5 million\nBitget’s latest tracing puts the value transferred to attacker-controlled addresses at approximately $387.5 million, up from its initial $351.6 million estimate. The company said the revised figure includes affected assets on Zcash and TRON that were absent from its first calculation. It attributed the increase to a fuller accounting of the original incident, rather than further unauthorized transfers.\nThe exchange detected unauthorized transfers from some hot wallets at 18:31 UTC on Sep. 24. Its initial security notice said portions of its hot and warm wallet systems were affected, while cold wallets remained secure. Bitget paused withdrawals after detecting the transfers but kept deposits and trading available.\nInvestigators believe an attacker compromised a backend wallet service, fed false transfer information into Bitget’s systems, and triggered its authorization process. Chen said the preliminary probe had ruled out a private-key leak. The account of the suspected entry route was covered by crypto.news on Sep. 25, before Bitget published its revised asset total.\nIn its later update, Bitget said its team had identified the attack path and fixed the underlying vulnerability. Mandiant and SlowMist are assisting with the investigation and security checks. The exchange said it had contained the incident and that no further unauthorized transfers were possible.\nThe affected assets include XRP, ETH, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX and TRX, according to Bitget. Its tracing information identifies four primary receiving addresses so far, one each for EVM networks, XRP Ledger, Zcash and TRON.\nWithdrawals are scheduled to return in phases\nBitget published a withdrawal schedule on Sep. 26 after conducting further checks on its systems. Bitcoin withdrawals are set to resume at 08:00 UTC on Sep. 28. Ethereum withdrawals on the listed networks are scheduled for the same time on Sep. 29, followed by USDT on Sep. 30 and other tokens, fiat and peer-to-peer services on Oct. 2.\nThe exchange said customer account balances remain unaffected and its Protection Fund covers the financial impact of the incident. Its first notice valued the fund at more than $464 million, before the company revised its estimate of the transferred assets. Bitget has not published a new fund valuation alongside the $387.5 million figure.\nFor U.S. readers, the issuer freezes concern dollar-linked tokens that can also be held outside Bitget. Circle’s USDC terms allow it to block transfers involving certain on-chain addresses. A recent U.S. Justice Department case separately involved Tether’s help in tracing and restraining crypto tied to an alleged illicit network; authorities have made no comparable public announcement about U.S. action in the Bitget investigation.\nChen is scheduled to host a live question-and-answer session at 07:30 UTC on Sep. 28 to discuss the incident, the restoration of withdrawals, and Bitget’s next steps.\n\n\n\n\n\n                Read more:\n            \n\n                Backpack CEO plans to bring 10,000 tokenized stocks to Solana","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}