Bitget Reports $231M in Deposits Post-Hack Event

Trading Volume Holds Up

The exchange says trading metrics have largely remained stable through the ordeal. As of September 29, cryptocurrency futures trading volume stood at $9.2 billion, with open interest for futures reaching $4.4 billion.

Despite recent events, Bitget claims its market share in the futures sector has not wavered. The reported volumes and open interest point to a level of operational normalcy that the exchange is eager to show its user base.

What Happened Before This

The deposits follow a genuinely rough stretch for the exchange. Bitget temporarily suspended withdrawal services after a hack caused losses of $390 million. Once withdrawals resumed, $460 million in funds left the platform within a single day, a clear signal of how shaken users were in the immediate aftermath.

Here’s how the numbers stack up:

• Hack losses: $390 million
• Outflows after withdrawals resumed: $460 million in one day
• New deposits over the following 24 hours: $231 million
• Prior monthly daily average: $245 million

A Fast Rebound, or Just the Numbers Bitget Wants You to See

Bitget’s ability to pull in deposits this close to its pre-hack average, so soon after a breach, is a notable development on its face. It suggests at least some users are willing to re-engage with the platform rather than write it off entirely.

Whether that reflects genuine restored confidence or simply traders chasing yields and features elsewhere unavailable is harder to say from self-reported figures alone. The rebound in deposits and stable trading volumes will be closely watched across the market as Bitget tries to demonstrate resilience in an industry where trust, once broken, rarely returns quickly or completely.

Hashlytics Take

$231 million in deposits sounds like a comeback story until you remember $460 million walked out the door days earlier. Net flows are still deeply negative, and all the figures here come directly from Bitget itself, with no independent verification cited. That doesn’t mean the numbers are false, but an exchange recovering from a $390 million hack has every incentive to publicize the recovery story faster than it publicizes the full picture. Watch net deposit trends over the next few weeks, not a single 24 hour snapshot, before calling this a turnaround.