Bitcoin
Ethereum
Solana
TRON
Zcash
XRP
Bitget hacker just began laundering the $388 million loot
In this news:
Key takeaways
- The Bitget hacker transferred $19.48 million across 52 transactions between October 21 and October 24.
- Arkham Intelligence estimates the hacker still holds approximately $242.54 million in tracked wallets.
- The September 24 hack drained roughly $388 million from Bitget wallets across multiple blockchains.
Hacker resumes moving stolen funds
The Bitget hacker has resumed moving stolen cryptocurrency, transferring $19.48 million across 52 transactions in what may signal the start of a laundering effort involving the $388 million exchange breach.
According to blockchain intelligence firm Arkham Intelligence, the transfers occurred between October 21 and October 24, with nearly all funds sent to previously unused wallets. Bitcoin (BTC) accounted for $19.33 million, with the remainder in Ethereum (ETH).
Since October 15, wallets linked to the attacker have transferred approximately $78.01 million to new addresses. Transfers peaked at $23.31 million on October 15 before declining, with activity pausing on October 19.
Although the transactions suggest an attempt to obscure the funds’ movement, Arkham has not identified any cryptocurrency exchanges, mixing services or over-the-counter desks receiving the latest transfers. Most destinations remain untraced, and laundering has not been confirmed.
Tracking remaining holdings
Arkham values the remaining holdings in wallets attributed to the hacker at approximately $242.54 million. Bitcoin accounts for $241.99 million, equivalent to 2,960.01 BTC, while smaller balances remain across Ethereum, Hypercore, Solana (SOL) and Tron (TRX).
The tracked holdings represent approximately 69% of Arkham’s $350 million baseline for the theft, or about 63% of Bitget’s revised estimate of $388 million.
Splitting funds across fresh addresses could complicate recovery efforts and precede further transfers through cross-chain bridges, mixing services or cash-out channels. However, the attacker’s next moves remain unclear.
Context of the exchange breach
The September 24 attack drained approximately $387.5 million to $388 million from Bitget’s hot and warm wallets across multiple blockchains, including Ethereum and the XRP Ledger. The exchange later revised its estimate to account for additional assets on Zcash and Tron.
Bitget said its private keys remained secure and cold wallets were untouched. Its user protection fund covered the losses, leaving customer balances unaffected.
The exchange contained the breach and gradually restored withdrawals in the following weeks. It continues to cooperate with investigators as analysts track the stolen funds.
The incident ranks among 2026’s largest cryptocurrency exchange thefts, highlighting the challenges of recovering stolen assets despite blockchain transparency.
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.4689
Market Cap
$1.8B -2.27%
24h Volume
$321.1M
Supplies
10.0B / 10.0B
Current Price
$1.049
Market Cap
$1.8B -2.93%
24h Volume
$215.1M
Supplies
1.7B / 2.1B
Current Price
$0.9985
Market Cap
$1.8B 0.01%
24h Volume
$2.9M
Supplies
1.8B / ∞
Current Price
$4,000.35
Market Cap
$1.8B 0.03%
24h Volume
$121.2M
Supplies
440.6K / ∞
Current Price
$1.138
Market Cap
$1.7B 0.02%
24h Volume
-
Supplies
1.5B / ∞
Current Price
$0.05311
Market Cap
$1.7B -1.35%
24h Volume
$23.9M
Supplies
100.0B / 100.0B
Current Price
$0.5104
Market Cap
$1.7B -2.52%
24h Volume
$23.8M
Supplies
6.2B / 6.2B
Current Price
$0.07033
Market Cap
$1.6B -1.92%
24h Volume
$8.8M
Supplies
23.5B / 23.5B
Current Price
$0.9993
Market Cap
$1.6B 0.03%
24h Volume
$112.9M
Supplies
1.6B / ∞
Current Price
$2.132
Market Cap
$1.5B -4.63%
24h Volume
$18.0M
Supplies
1.0B / 1.0B
Current Price
$2.666
Market Cap
$1.5B -1.50%
24h Volume
$59.4M
Supplies
557.9M / ∞
Current Price
$0.000001631
Market Cap
$1.4B -0.30%
24h Volume
$63.4M
Supplies
888.8T / 1000.0T