Bitget updates on the security incident progress: the stolen amount is corrected to 387.5 million USD, and the withdrawal recovery time will be announced before 12 PM tomorrow

Bitget TradFi Chief Growth Officer Xie Jiayin issued an update on the platform's security incident, stating that the withdrawal time will be announced before 12 PM tomorrow. The security team has identified the hacker's attack path and methods, and has grasped details on how the attacker bypassed security measures, coming very close to tracing the source of the attack. The investigation by third-party security teams Mandiant and SlowMist is still ongoing, with a detailed report pending from the security team.

On-chain tracking confirms that approximately $387.5 million has been transferred to the hacker's address, previously estimated at $351.6 million. This revision includes ZEC and TRX, and no other unauthorized transfers have been detected. Xie Jiayin stated that the stolen funds on the platform will be fully covered by the Bitget user protection fund, and user assets will not suffer any losses.

Bitget has officially launched a fund recovery bounty program, offering a 5% bounty for voluntarily freezing the attacker’s funds and a 5% bounty for voluntarily recovering funds. The bounty also applies to assistance already provided. The platform has published the attacker's address, a real-time tracking dashboard, and a submission portal, and relevant information can also be submitted through Bybit's Lazarus bounty platform.