Bitget CEO: Why Withdrawals Were Paused and Restored in Phases Bitget CEO Gracy Chen @GracyBitget said during a September 28 livestream that the security incident affected the exchange’s withdrawal infrastructure across multiple chains and assets. As a result, each chain had to undergo a series of security checks before withdrawals could resume, requiring the platform to restore withdrawals in phases. She said the suspension was a security measure and was not related to the sufficiency of user assets, with the related losses fully covered by the Bitget Protection Fund. Bitget restored BTC withdrawals first because the BTC withdrawal pipeline was the first to be ready and had not been affected by the attack, meaning it did not require the same level of comprehensive security verification. ETH and USDT withdrawals were restored later based on the progress of security checks and user demand.