Bitget lost $351.6 million in the hack

Assessment

The $351.6 million figure was Bitget's initial disclosure and the number most coverage repeated. It was superseded within days: as stolen assets were traced onto additional chains including Zcash and TRON, Bitget revised the loss upward to approximately $387.5 million. The original figure is not false — it was an early, incomplete count taken in the first hours of the incident — but a reader who anchors on $351.6M as the final loss is working from a superseded number. This is a recurring pattern in exchange breaches: the first-disclosed figure is a floor that rises as on-chain tracing catches assets on more chains, so the early number should be treated as provisional.