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Crypto Regulation

Bitget to Resume Withdrawals in Phases From Sept 28 After Security Incident

Bitget said it has confirmed and fixed the vulnerability behind a Sept 24 security incident, with user account balances unaffected and its protection fund covering the financial impact. Withdrawals were paused only for security reasons while trading and deposits remain normal. The exchange will reopen BTC withdrawals on Sept 28 at 08:00 UTC, ETH on Sept 29, USDT on Sept 30, and other tokens, fiat and P2P from Oct 2.

Original source

AI take

The sequencing of withdrawal restarts — BTC first, then ETH, then USDT, with everything else trailing into October — is the detail worth noting: it suggests the fix is being rolled out under staged load rather than a single flip of the switch. Claiming balances were untouched and the protection fund absorbed the cost addresses the two questions that usually follow an exchange incident, though self-reported assurances carry limited weight until withdrawals actually clear at scale. Whether the staggered schedule holds, and whether users exit faster than they return, is the open question.

Generated by AI for reference only.

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