Short version of my Bitget investigation:
I traced approximately $134.44M in incoming assets on Ethereum and Avalanche to the same collection address. The USDT, USDC and XAUt were forwarded to a second wallet and converted into ETH.
That wallet then sent 22,320 ETH onward, while the original collection address separately sent 2 transfers of 10,000 ETH each. Those internal movements are already represented in the inflows and must not be counted again.
Bitget’s own public API also reported ETH withdrawals on Ethereum as disabled at approximately 20:45 UTC on September 24. Other routes remained marked available, so this does not establish a platform-wide freeze. I also found fake token entries imitating genuine transfers and excluded them from the figures.
The movements and conversions are supported by transaction records.
The unresolved question is who controls the receiving wallets and whether Bitget authorised the activity. A hack is unconfirmed, and the circulating $183M figure exceeds the portion I have independently traced.