Bitget to discontinue services for some users in one-off exercise
The cryptocurrency exchange announced a one-off service discontinuation for specific users following a massive security breach.
Quick Look
Cryptocurrency exchange Bitget announced it will discontinue services for certain users in a one-off exercise following a security breach that resulted in the theft of about $388 million.
AI-generated summary
Why It Matters
Cointelegraph reported on Sept. 25 that Bitget confirmed unauthorized transfers and suspended withdrawals due to a security breach totaling about $388 million.
Bitget said it will discontinue services for some crypto users in a one-off exercise
The cryptocurrency exchange said in a post on X on Saturday that users’ funds will remain safe during the service change for certain customers, while its crypto platform continues to operate.
Users can verify the safety of their assets here: https://abcdstable.com/academy/how-to-verify-your-assets-in-bitget.
The users in question will receive direct notifications by email, in-app messages and/or push notifications about the next steps, relevant deadlines and arrangements for withdrawal. Users who have not received official notifications from Bitget can continue to use their accounts as usual.
The Bitget customer support team can assist with pending orders, withdrawals and other account-related questions throughout the process. The exchange reminded users to use only official channels and to be cautious of phishing links, impersonation accounts and unverified information.
Cointelegraph reported on Sept. 25 that Bitget had confirmed unauthorized transfers and temporarily suspended withdrawals as it investigated a security breach. The total stolen in the breach amounted to about $388 million, a security company said later.
Open Questions
- Which specific users are affected by the service discontinuation?
- How will affected users be compensated for the $388 million loss?
