- On September 29, Bitget logged about 9,674 ETH inflows and 9,023 ETH outflows.
- ETH inflows exceeded outflows after withdrawals resumed, signaling no panic exit
- USDT withdrawals return September 30, with other services due October 2.
Bitget reported a positive net flow of Ethereum right after it restarted ETH withdrawals on September 29, indicating that inflows exceeded outflows. This suggests users were not rushing to withdraw funds following last week’s security incident.
By 09:00 UTC on September 29, Bitget had logged about 9,674 ETH inflows and 9,023 ETH outflows, resulting in a net inflow of roughly 651 ETH in the first period after withdrawals came back online.
Bitget had paused withdrawals after a September 24 security breach involving unauthorized transfers from parts of its hot and warm wallets. The exchange said it found and fixed the flaw, and that its investigation was ongoing with help from cybersecurity firms like Mandiant and SlowMist.
The exchange began restoring BTC withdrawals on September 28 at 08:00 UTC, first on the Bitcoin network and BSC. ETH withdrawals came next on September 29 at 08:00 UTC, covering Ethereum, BSC, Arbitrum, Base, and Optimism. USDT withdrawals are set for September 30, and other tokens, fiat, and P2P services are due back on October 2.
Bitget’s Ongoing Recovery
The early ETH numbers give a glimpse of how users are reacting, but they don’t yet prove that trust in the exchange is fully back. The data only covers the first stretch after withdrawals reopened, so flows could change as more people test deposits and withdrawals in the days ahead.
Still, the fact that Ethereum inflows surpassed outflows is worth noting. It shows that during this early period, deposits continued alongside withdrawals rather than users collectively shifting their ETH away from Bitget.
If that pattern of balanced or positive flows continues, it would send a very different signal than a long wave of net withdrawals.
That trend also aligns with Bitget’s positioning following the incident, with the exchange framing the withdrawal pause as a safety precaution.
The exchange says balances were untouched and that its protection fund would cover any losses. It also says its cold wallets and private keys were never breached.
As such, the 651 ETH net inflow is an early snapshot of Bitget’s recovery, but the bigger question is whether deposits, withdrawals, and regular trading stay balanced as all withdrawal services slowly come back online.
Related: Bitget Exploit: What Happened to $351.6M and Are User Funds Safe?
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