Incident All ledgers
Bitget: $100.0m
Bitget lost $100.0m on 20 April 2025. Ranked 41st of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 20 April 2025
- Lost
- $100.0m
- Returned or repaid
- None recorded
- Target
- CEX
- Category
- Market Manipulation
- Method
- Market Maker Bot Exploited
On April 20, 2025, a Bitget market-making bot on the VOXEL/USDT futures pair malfunctioned into a predictable trading loop that leveraged traders exploited for about $100M, after which Bitget froze accounts and reversed the trades.
Against the ledger
- It ranks 41st of the 1,272 incidents with a known loss, and 4th in 2025.
- It accounts for 51.8% of the $193.0m in known losses in April 2025.
- 12 incidents in the ledger are classified as Market Manipulation, for $135.4m in total. This one is 73.9% of that.
- The ledger records no returned funds.
Other incidents named Bitget
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 24 Sept 2026 | Bitget | $387.0m | CEX | Hot Wallet Key Compromised | — |
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 11 May 2022 | Drift Trade | $14.5m | DeFi Protocol | Risk Parameter Abuse | $14.5m |
| 18 Nov 2023 | dYdX V3 | $9.0m | DeFi Protocol | Risk Parameter Abuse | — |
| 20 Jun 2026 | JaredFromSubway MEV Bot | $7.5m | Other | MEV Bot Drained | — |
| 01 Nov 2022 | Save | $1.0m | DeFi Protocol | Risk Parameter Abuse | — |
| 14 Dec 2025 | Mars Perps | $960,000 | DeFi Protocol | Funding Rate Arbitrage | — |
All failures in 2025 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Bitget, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/bitget-2025-04-20/. How this is built