Bitget not expecting to recover much from $388 million hack, CEO tells CNBC; protection fund back above $300 million after absorbing breach

Bitget's CEO told CNBC the exchange is not expecting to recover a lot from a $388 million hack, saying recovery becomes extremely difficult once stolen funds move through multiple wallets and platforms. Bitget says its protection fund, which absorbed roughly $388 million in breach impact, is back above $300 million; user claims still require assessment and withdrawals follow a separate timetable.

Detected & updated continuously · Source: Nebula