Bitget-Linked Wallets Move 1,052 BTC After Breach
Addresses tied to Bitget's September 24 security incident shifted over a thousand bitcoin into mixing services in six days.
Updated on Nov. 12, 2026 in Cybersecurity
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Addresses linked to Bitget's September 24 security incident moved 1,052.34 BTC over six days, with 847.26 BTC sent into CoinJoin, a mixing process. The movement was worth about $78.61 million, and the addresses still hold 959.29 BTC.
Why it matters
CoinJoin obscures the trail between bitcoin transfers, making it harder to follow funds tied to a security incident. Bitget's revised valuation of the incident at $387.5 million shows the scale of the losses being traced.
Linked addresses moved 1,052.34 BTC (about $78.61 million) over six days, with 847.26 BTC (about $63.43 million) sent into CoinJoin. The addresses still hold 959.29 BTC, worth about $71.44 million, and the extraction does not establish the controllers of those addresses.
The players
Bitget
Bitget is a cryptocurrency exchange whose September 24 security incident is the subject of the blockchain tracing and revised loss valuation.
The details
Blockchain tracing linked a set of addresses to Bitget's September 24 security incident. Over six days those addresses moved bitcoin into CoinJoin, and an earlier trace tied about 4 BTC from the incident to a Wasabi CoinJoin round. Bitget's revised valuation added assets held on Zcash and TRON to its earlier estimate.
Timeline
September 24: Bitget security incident occurred.
Following six days: Linked addresses moved 1,052.34 BTC, including 847.26 BTC into CoinJoin.
Security Trail
An earlier trace followed about 4 BTC from the incident into a Wasabi CoinJoin round, and the latest movement involves a far larger volume of incident-linked bitcoin entering the same kind of mixing process. The pattern shows how stolen or incident-linked funds are moved to break the chain of custody.
Users of centralized crypto exchanges face custody risk when a platform is breached, and mixing services make it harder to recover funds. Anyone holding assets on an exchange should review how the platform stores and protects user balances.
The takeaway
Security incidents at exchanges can leave a long trail on public blockchains, but mixing services can make that trail hard to follow. Keeping assets in self-custody or diversifying across secure platforms can limit exposure to a single breach.
Further reading
Follow more coverage of cybersecurity threats and how stolen crypto funds are traced across blockchains.
Source note: This article includes information reported by TokenPost.
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