Bitget Raises Hack Estimate To $387.5M And Sets Withdrawal Restart Plan
price
Bitget raised its estimate of losses from the hack to approximately $387.5 million, making it a significant crypto-sector security incident. The exchange outlined a phased plan to restart withdrawals after completing asset checks, replenishment, and security reviews. The incident highlights continuing counterparty and custody risks for Bitcoin users holding funds on centralized exchanges, though it does not indicate a compromise of Bitcoin’s network or protocol.
DYOR - Single Source
This feed has limited sources. Do your own research before making decisions.
Sources (1)
AI Research
AI deep dive is generated automatically for verified feeds.