Bitget is restarting withdrawals on a per-asset basis following a security incident, with Bitcoin withdrawals now open and Ethereum withdrawals scheduled for September 29, according to the exchange.
Bitget is restarting withdrawals on a per-asset basis following a security incident, with Bitcoin withdrawals now open and Ethereum withdrawals scheduled for September 29, according to the exchange.
What to Know
- BTC withdrawals are open, according to Bitget.
- ETH withdrawals are scheduled for September 29.
- The restart is not simultaneous; each asset has its own timeline.
Bitget’s Asset-by-Asset Withdrawal Restart
Bitget has structured its withdrawal resumption so that different assets go live at separate times, rather than all at once. Bitcoin, the exchange’s highest-liquidity asset, was the first to resume, a sequencing consistent with the exchange prioritizing its most liquid and most widely held coin first. For related coverage, see Bitget Withdraws From Japan: What We Know.
The phased approach follows a security incident that prompted the exchange to suspend withdrawals. CryptoSlate reported that Bitget confirmed BTC withdrawals were open after the hack, making Bitcoin the initial recovery asset for users needing to move funds. Prior coverage on this site documented that Bitget said the hack vulnerability had been remediated before BTC withdrawals resumed.
The exchange’s official communications on the restart are detailed in two support notices: withdrawal restart details and a related operational update. Users should check these pages directly before attempting any withdrawal, since the per-asset schedule means not all tokens are available at the same time.
What the September 29 ETH Date Means for Users
Ethereum withdrawals are set to come online September 29, one day after Bitcoin resumed. The gap between BTC and ETH availability underscores that this is a staged rollout, not a blanket lift of restrictions. For related coverage, see Japan FSA crypto withdrawal delays amid scam crackdown.
The hack’s broader context involves significant sums routed through cross-chain infrastructure. THORChain declined a Bitget request to block $387.5 million linked to the hack, and those funds were reported moving toward Bitcoin via the protocol. That backdrop makes the sequencing of Bitget’s withdrawal restart, Bitcoin first, notable from a network perspective: BTC is the settlement layer receiving hacked funds on-chain while simultaneously being the first asset Bitget has re-enabled for users.
No confirmed schedule for USDT or other assets has been independently verified in the research available for this report. Users holding USDT or other tokens on Bitget should monitor the exchange’s official support pages for a confirmed date before making plans to withdraw.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
