BITGET REVISED ITS LOSS FROM ABOUT $351.6 MILLION TO ABOUT $387.5 MILLION — THE EXTRA $35.9 MILLION IS ZCASH AND TRON THE FIRST COUNT LEFT OUT — AND THE COMPANY SAYS THE NUMBER MAY MOVE AGAIN

The interesting thing about Bitget's revised number is not that it went up. It is why it went up. On 2026-09-25 the company said about $387.5 million left its wallets, against an initial estimate of about $351.6 million, and it was specific about the difference: "adding affected assets on Zcash and TRON that were not included in the initial estimate." That is $35.9 million the first count did not see.

So the first estimate was not an estimate of the loss. It was an estimate of the chains somebody thought to look at. Bitget lists the incident as touching Ethereum and several EVM networks, the XRP Ledger, Zcash and TRON, with one primary receiving address on each. Four ledgers, four different tools, four different sets of habits, and the total is however many of them you have wired up when the phone rings.

Worth being precise about the Zcash piece, because it will get told wrong. The address Bitget published starts with t1, which is a transparent address. Nothing here is hiding in a shielded pool. It sat in the open on a chain that the people doing the counting were not counting, which is a duller and more useful problem than cryptography.

And the company is honest that this is not the last number: the figures "may be updated as additional transactions are classified and traced." Keep that. An exchange's loss total is not a fact it discovers, it is a fact it assembles, and you are reading a draft. The fund is stated at over $464 million, so the hole is covered either way, which is precisely why the accounting is allowed to keep moving. At the time of this writing, bitcoin was $83,036.