Bitget, the Seychelles-registered cryptocurrency exchange, said the reward pool for its new Alliance Program has grown beyond $1.9 million in its first three days. The program is meant to keep users on the platform after a $387.5 million security breach last month.
The exchange shared the figure in a post on X on October 2, 2026. Bitget said it will keep putting 30% of its platform trading fee revenue into the pool and distribute rewards to eligible users. Rewards are paid in Tether (USDT), a stablecoin designed to hold a value of one US dollar.
How the Bitget Alliance Program Works
The program runs from September 28, 2026, at 08:00 Coordinated Universal Time (UTC) to October 26, 2026, at 08:00 UTC. According to the official campaign page, the pool equals 30% of the actual net transaction fee revenue retained from eligible non-institutional users. Bitget splits it into a trading reward pool worth 60% and an asset reward pool worth 40%.
For each period, Bitget calculates two figures for each user: the valid seven-day average daily trading volume and the valid seven-day average daily asset value. Each figure determines the user’s share of its own pool. Daily eligible asset value must be at least 100 USDT, or it counts as zero. That value is the lowest reading among hourly snapshots taken each day, and both trading and asset figures are capped at 3,000,000 USDT.
The asset calculation leaves out Onchain, contracts for difference (CFDs), and U.S. Stock+ holdings. Sub-account balances count, except for broker accounts, and rewards earned in sub-accounts are paid to the main account. Participation is subject to regional, legal, and regulatory requirements.
Settlements are updated after 6:00 PM in UTC+8, which is 10:00 UTC, every Monday. Rewards go out within two working days after each period ends. The first seven-day period began on September 28, so the first weekly settlement follows its close on October 5.
VIP Level Protection for Existing Users
Bitget is also giving eligible VIP1 to VIP7 users a 30-day VIP level protection trial pass. The passes are issued automatically, and Bitget has scheduled distribution to finish before October 1.
VIP levels are Bitget’s account tiers, which carry benefits such as reduced trading fees. The pass lets qualifying users keep their tier during the protection period even if their activity drops.
Program Follows $387.5M Security Incident
The campaign comes days after the largest exchange breach of 2026. Bitget’s systems flagged unauthorized transfers from some hot wallets at 18:31 UTC on September 24, according to a security notice from Chief Executive Officer (CEO) Gracy Chen. The exchange initially estimated the loss at $351.6 million. It later put the loss at $387.5 million, more than half of September’s crypto losses recorded by blockchain security firm CertiK. Hot wallets stay online to process routine withdrawals, and warm wallets sit between them and offline cold storage.
Bitget said attackers got in by exploiting a zero-day flaw in third-party security products. A zero-day flaw is a software weakness the vendor does not yet know about and has not fixed. Interim findings from SlowMist and Mandiant show the attackers had access from August 31, weeks before any funds moved. The exchange says neither its private keys nor its cold wallets were compromised.
At disclosure, Bitget said its User Protection Fund held 5,500 Bitcoin (BTC), then worth about $464 million, and would absorb the loss. On September 30, the exchange said it had replenished the fund to more than $300 million, meeting its one-week pledge.
Withdrawals resumed in phases from 08:00 UTC each day. Bitcoin reopened on September 28, Ether (ETH) on September 29, and USDT on September 30. Other tokens, fiat, and peer-to-peer (P2P) services were scheduled for October 2, under the withdrawal schedule Bitget published.
In the September 29 announcement, Chen described the Alliance Program as “our way of saying thank you.” She added that trust is earned through actions, especially in difficult periods.
What Comes Next
Three seven-day periods remain before the campaign ends on October 26. Because the pool is tied to net fee revenue, the size of future payouts depends on how active users are on the platform. Bitget has not said how many users qualified in the first period. The $1.9 million figure comes from the exchange and has not been independently audited.
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