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Bitget Hacker Resumes Laundering Efforts on $388 Million Stolen Funds

The attacker behind the $388 million Bitget breach has moved $19.48 million across 52 transactions between October 21 and October 24, according to Arkham

October 24, 2026Source: finbold.com ↗

The hacker responsible for the $388 million Bitget exchange breach has resumed moving stolen cryptocurrency, transferring $19.48 million across 52 transactions in what may mark the start of a broader laundering effort.

According to blockchain intelligence firm Arkham Intelligence, the transfers took place between October 21 and October 24, with nearly all funds sent to previously unused wallets. Bitcoin (BTC) accounted for $19.33 million of the moved funds, with the remainder in Ethereum (ETH).

Since October 15, wallets linked to the attacker have transferred approximately $78.01 million to new addresses. Transfer activity has fluctuated over this period:

  • Transfers peaked at $23.31 million on October 15
  • Activity declined afterward and paused on October 19
  • Movement resumed between October 21 and October 24 with $19.48 million transferred

The pattern of sending funds to new, previously unused wallets is consistent with early-stage laundering efforts aimed at obscuring the trail of stolen assets.

Source

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