Bitget Wallet systems sustained zero impact from the $351.6 million security breach that struck the Bitget exchange on Sept. 25, marking 2026's largest crypto hack.
The wallet service confirmed via X that user assets remain directly on-chain, secured by individual private keys under explicit user control. This architectural separation—Bitget Wallet operates as a fully independent self-custody service, not a custodial exchange—proved decisive.
The exchange itself suffered a direct siphon from its hot wallet infrastructure. CEO Gracy Chen attributed the sophisticated attack to North Korea and confirmed that cold wallets holding the bulk of user funds remained untouched.
Chens stated the exchange will fully cover the $351.6 million loss through its User Protection Fund, which holds over $464 million in reserves.
Bitget Wallet completed an independent security audit following the incident and found no compromise to its systems or user self-custody assets. The review underscores the distinct risk profiles between custodial exchanges and non-custodial wallets where users hold sovereign key control.
The platform advised users to verify all information through official channels only to avoid phishing exploits targeting asset holders in the incident's wake.
