Bitget said on Saturday it will discontinue services for some users in a one-off exercise — without saying how many accounts are affected or why. The exchange says user funds remain safe and the platform keeps running as normal, so traders are now checking one thing first: whether an official notice has landed in their account.
Key points:
- Bitget will end services for certain users only; everyone else can keep using their account as usual.
- Affected users will get direct notices by email, in-app message or push, with next steps, deadlines and withdrawal plans.
- Bitget has not given a number, a reason, or said whether this is linked to its September security incident.
The announcement came in a post on X on Saturday, October 17. Bitget said the users in question will receive direct notifications by email, in-app messages and/or push notifications, explaining the next steps, the relevant deadlines and the arrangements for withdrawal. Its support team will help with pending orders, withdrawals and other account questions during the change.
What Bitget did not say matters just as much. The exchange gave no count of affected accounts, no criteria for choosing them and no specific reason for the decision. It also did not say whether the move is connected to its list of prohibited countries, which its terms allow it to expand from time to time. Bitget warned users to use only official channels and to watch out for phishing links and fake accounts.
The notice follows two country exits by Bitget earlier this year, both tied to regulation. The exchange stopped new sign-ups from Japan in August, with restrictions for Japanese residents starting November 1 and remaining positions set to be closed on December 31. In Europe, it ended services for French residents at the end of March after talks with the French regulator, under the EU's MiCA rules.
What happens next?
The timing is also sensitive: the announcement comes about three weeks after Bitget's September security incident, in which about $387.5 million was moved out of part of its wallet system. Bitget later said its protection fund was restored to above $300 million, and it has NOT linked this service decision to that incident. For traders, the practical step is simple — if you use Bitget, check only the official app, email and support channels for a notice, and do not trust links from unofficial accounts.
— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: Cointelegraph, The Crypto Times