Bitcoin Withdrawals Back Online at Bitget
The exchange confirmed that Bitcoin withdrawals are now available again, restoring access that had been suspended in the wake of the security breach. Resuming BTC withdrawals is a significant operational milestone; it signals that Bitget considers its systems sufficiently stable to process outbound transactions on its largest asset by volume. For related coverage, see Bitcoin Hits $86K as Dogecoin Leads Crypto Rally.
Separate reporting has previously traced movement from the Bitget hack to a Wasabi CoinJoin mixer, suggesting the attacker had already begun fragmenting and obfuscating funds before this latest swap. Users should verify withdrawal status directly through official Bitget communications rather than relying on third-party reports, as exchange statuses can change quickly during active incidents. For related coverage, see Solana ETFs Outpace Bitcoin Funds in Fed Week.
Bitget has previously identified and remediated the vulnerability behind the exchange hack, according to earlier reporting. The resumption of Bitcoin withdrawals appears consistent with that remediation timeline, though the exchange has not publicly confirmed that all investigative questions have been closed.
The Hacker’s ETH Move Through THORChain
According to reports, the attacker reportedly used THORChain to swap stolen ETH into another asset. THORChain is a decentralized cross-chain liquidity protocol that enables swaps between native assets on different blockchains without wrapped tokens or centralized intermediaries, making it a route that does not require KYC or account registration.
The choice of THORChain is notable. Because it operates as a permissionless protocol, it cannot freeze or reverse transactions the way a centralized exchange can. On-chain trackers monitoring the hacker’s addresses would be able to observe swaps in near real-time, but intervention at the protocol level is not possible without a governance vote to halt routing, a step THORChain’s community would need to weigh against the protocol’s neutrality principles.
No independently verified transaction hash, wallet address, swap amount, or timestamp was available in the research at publication time. Any specific figures circulating on social media should be treated as unconfirmed unless traceable to a block explorer entry.
What Users Should Watch For
Restored Bitcoin withdrawals and an ongoing hacker fund movement are two separate tracks. The first directly affects users who need to move BTC off the exchange; the second matters for understanding whether the full scope of the breach has been accounted for. Treating the withdrawal restart as closure on the security incident would be premature.
Bitget has a broader history of compliance-driven operational decisions, including restricting transactions with sanctioned platforms as regulators increase scrutiny on exchange-to-exchange flows. That context matters here: exchanges under active incident review tend to face heightened regulatory attention, and user funds sitting on the platform remain subject to any further service restrictions the exchange may impose.
If the hacker continues converting ETH through cross-chain protocols, on-chain investigators will be watching. Will THORChain’s community move to restrict routing, or will the attacker successfully fragment the funds beyond recovery?
Additional source references: source document 1, source document 2.
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.
