Bitget reopens withdrawals as hackers launder $387.5M haul

The Bitget hack, cited at roughly $387.5 million, remains an open fight as the exchange resumes service and the attackers keep laundering funds. Bitget reopened ETH withdrawals, reporting a net inflow of 651 ETH in the first hour, with USDT withdrawals scheduled for September 30 as part of a phased restart after last week's breach. Meanwhile, the hackers moved $4 million into Zcash's private pool, using Ironwood's shielded addresses to hide senders, recipients and amounts and make the funds harder to trace.

• The exchange reopened BTC withdrawals earlier after a four-day freeze blamed on a third-party security product.
• Much of the haul sits in ether and XRP, which lack the freeze mechanisms available for stablecoins.
• Circle and Tether blacklisted one wallet holding roughly $318,000 in USDT and USDC.