Bitget Reports All Withdrawals to Resume as Protection Fund Reaches $309M
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8 Articles
Cointelegraph
The New York LedgerBitget Reports All Withdrawals to Resume as Protection Fund Reaches $309M
Cryptocurrency exchange Bitget updated users following a $388 million security breach last week, noting the replenishment of its protection fund and withdrawals resuming.
Bitget Says Protection Fund Recovery Reaches $309M, “Near Normal”
Bitget says it has moved back toward normal operations after a security breach that led to the loss of $388 million in user funds. In a post on X, Bitget CEO Gracy Chen said withdrawals for all tokens would resume on Friday, and that the exchange has already restored access for users to Bitcoin (BTC), [...]
Six days after the attack on his hot wallets Bitget returns with good news. Withdrawals for Bitcoin, Ether and USDT are back, the protection fund for customers is back at more than $300 million, and the new reserve evidence shows a coverage of over 100% for all 19 verified coins. According to the stock exchange, deposits of over $231 million were also received within 24 hours. We have kept the numbers against the releases of Bitget and show what…
Bitget after the hack: withdrawals are back and the Protection Fund is above $300 million
Six days after the attack on its hot wallets, Bitget is back with good news. Withdrawals for Bitcoin, Ether and USDT are running again, the customer Protection Fund is back above $300 million, and the new proof of reserves shows coverage above 100 percent for all 19 audited coins. According to the...
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