Timeline
- 8.0
Bitget’s $388M hack pushes Q3 crypto security losses past $1B
CertiK data shows crypto security losses reached $1.26 billion across 247 incidents in Q3 2026, up 53.9% from $819.4 million in Q2. The $387.5 million Bitget hack alone accounted for about 31% of the quarter's losses, making it the largest single incident recorded under CertiK's methodology. The figures show that a single exchange breach accounted for nearly a third of the quarter's industry-wide losses, with incident counts rising about 13% from 219 to 247 quarter-over-quarter. CertiK recorded roughly $769 million in losses across 99 incidents in September, of which about $273 million was frozen or returned, leaving adjusted losses of $495.3 million; exploits accounted for $734 million, or nearly 96% of the month's losses across 58 incidents. Bitget detected unauthorized transfers from some hot wallets on Sept. 24 and suspended withdrawals, saying attackers exploited a vulnerability in a third-party security product to obtain internal credentials and forge withdrawal commands.
- 8.5
Changpeng Zhao Offers Support to Bitget After $388 Million Hack: A Rival's Unexpected Gesture - 24/7 Wall St.
Bitget suffered a $388 million hack, and Changpeng Zhao (CZ), the founder and former CEO of rival exchange Binance, publicly offered his support to the exchange, according to a 24/7 Wall St. report. A breach of this size at a major exchange carries direct consequences for its users, and the public backing from a rival exchange figure is an unusual gesture in an industry where competitors rarely comment on each other's security incidents. The incident is described as a $388 million hack at Bitget, a Singapore-founded exchange that initially specialized in cryptocurrency derivatives and copy trading. The report's secondary angle is CZ's gesture, framed as coming from a rival rather than a business partner.