Crypto Exchange Raises Hack Loss Estimate to $387.5 Million, Expands Token Accounting

Expanded Accounting Reveals Hidden Token Flows

Bitget, a global cryptocurrency exchange, disclosed that its recent security breach now exceeds $387.5 million, with XRP and ether accounting for the bulk of outflows. The platform has halted withdrawals while integrating Zcash and TRON into its token accounting system for users worldwide.

The revised loss figure reflects broader token movements that were previously underreported. Analysts say the widening accounting includes transfers of lesser‑known assets, inflating the apparent size of the breach. Bitget paused all outbound transfers on Tuesday to prevent further erosion of user funds, citing the need to verify balances before resuming service. The exchange also announced the addition of Zcash and TRON to its accounting ledger, aiming for greater transparency.

Bitget confirmed the $387.5 million estimate in a statement released Friday. The figure incorporates token movements that were omitted from earlier reports. ' We are revising our loss calculations to reflect the full scope of the incident,' the spokesperson added.

Can the Updated Accounting Restore Investor Trust?

Withdrawals remain suspended as the platform verifies each address for anomalies. Users have reported delayed access to their accounts, prompting heightened concern among traders. The exchange emphasized that security protocols are being reinforced during this period.

The temporary halt on withdrawals could pressure short‑term price stability for XRP and ether, the two assets dominating outflows. Market analysts warn that prolonged restrictions may trigger panic selling. However, Bitget indicated that the pause is limited to a technical audit, not a permanent shutdown.

Regulators are monitoring the situation closely, while the exchange plans to reopen withdrawals once the accounting review concludes. Successful integration of Zcash and TRON may signal a broader effort to diversify asset support and improve transparency.

Frequently Asked Questions

Q1: What caused the revised hack loss estimate? The updated figure reflects additional token movements that were previously omitted from the loss calculation. Bitget said the broader accounting now includes lesser‑known assets, raising the total to $387.5 million.

Q2: How are Zcash and TRON being incorporated into the accounting system? The exchange will add these assets to its ledger after completing security reviews. This aims to provide full visibility for users.

Q3: When might withdrawals resume for users? Withdrawals are expected to restart once the audit finishes and balances are verified. This is likely to happen within the next week.