Bitget has resumed BTC, ETH and USDT withdrawals, a key step in restarting services after a $387.5 million exchange hack. The resumption covers three mainstream assets—Bitcoin, Ethereum and USDT—not just a single token. The move means the platform has begun restoring withdrawal channels after handling the incident, but overall services remain in a gradual restart phase and not all functions have been restored at once.
The previous withdrawal suspension was prompted by the $387.5 million exchange hack. The incident was large in scale, drawing market attention to exchange security systems. After the hack, users' first concerns were whether assets could be withdrawn safely, whether platform services could recover, and when remaining functions would return to normal. Bitget's resumption of withdrawals for the three assets is a clear step in the incident's follow-up handling. Publicly available material has not disclosed details of the stolen assets, the attack path, compensation arrangements, a recovery timetable, or whether regulators have intervened, so market judgment should still be based on confirmed facts.
The three assets whose withdrawals have been restored are representative in the crypto market. BTC and ETH are leading mainstream crypto assets by market capitalization and liquidity, while USDT is a widely used stablecoin. Together they cover major use cases such as trading, settlement, value storage and fund turnover. Withdrawal resumption directly concerns user asset safety and market confidence, and also affects users' assessment of the platform's liquidity and operational status. The most direct test for users is whether the relevant assets can be withdrawn normally; restoring withdrawals for mainstream assets is a necessary step for the platform to repair service continuity.
The wording 'services gradually restarting' indicates that different functions or assets may be restored in stages rather than all at once. Phased restoration helps the platform control risk while moving toward normal operations. Attention should be paid to which assets have been restored, which services remain restricted, and whether withdrawal processing and crediting proceed smoothly. What is currently confirmed is the resumption of BTC, ETH and USDT withdrawals; the scope of other assets and services has not been stated in the material. If the platform can clearly disclose progress in the future, it will help reduce uncertainty.
Exchange hacks often deal a blow to market confidence. Restoring withdrawals is an important condition for confidence repair, but it does not mean the incident's impact has been fully eliminated. User asset safety, service stability, and transparency of subsequent handling remain key concerns. Because this restoration involves mainstream assets such as BTC, ETH and USDT, the market will be more sensitive to Bitget's service restart. If withdrawal processing is smooth, it could help stabilize user expectations; if delays or restrictions occur, uncertainty could increase. The material does not provide information such as withdrawal processing times, limits or regional restrictions, so the specific execution effect cannot be assessed.
The withdrawal function is a primary channel for users to exercise independent asset management. After BTC, ETH and USDT withdrawals are restored, users can transfer the relevant assets, reducing the uncertainty caused by the earlier inability to withdraw. The incident's scale of $387.5 million once again shows that exchange security incidents can quickly transmit to user confidence and industry reputation. Safeguarding user assets is a basic requirement for exchange operations; restoring withdrawals is part of normalizing operations, and whether more assets and functions will be covered remains to be seen.
Based on public information, the crypto market has also seen several independent developments that together form the industry backdrop against which Bitget's withdrawal resumption is taking place. Crypto ETFs recorded a single-week net inflow of $2.39 billion, turning 2026 fund flows positive; Bitcoin retreated, weighed down by rising U.S. Treasury yields. Federal Reserve Governor Barr reiterated rate hikes to fight inflation, and the probability of an October rate hike fell back to 50%. Ethereum plans to activate the Glamsterdam upgrade on the Sepolia testnet on October 6, testing block building, parallel processing and gas pricing. Morgan Stanley has established a digital asset lab to explore stablecoins, tokenized products and DeFi applications. These developments respectively involve fund flows, macroeconomic policy, public chain upgrades and traditional financial institutions' arrangements; they have no direct causal relationship with Bitget's withdrawal resumption and should not be conflated as the same event.
Going forward, attention should be paid to whether Bitget resumes withdrawals for other assets, the scope of related service restarts, users' withdrawal processing, and whether the platform provides further information on incident handling. The market will also continue to watch the incident's lasting impact on user confidence. Based on currently public information, the core confirmed facts are: Bitget has resumed BTC, ETH and USDT withdrawals; the incident background is a $387.5 million exchange hack; and services are gradually restarting. Other details await further disclosure.
Bitget's resumption of BTC, ETH and USDT withdrawals is an important development after the $387.5 million theft incident. The gradual restart of services helps restore operational order and is directly tied to user asset safety and market confidence. Further progress will depend on the scope of service restoration, users' withdrawal experience and the completeness of information disclosure. The incident once again highlights the close link between exchange security, withdrawal capability and user trust.
