Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 "absorbed the financial impact of the incident" that resulted in $388 million in user losses. In a Wednesday X post, Bitget CEO Gracy Chen said withdrawals for all tokens would resume on Friday, and the exchange has already restored access to users' Bitcoin (BTC), Ether (ETH), and USDt (USDT).
Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 "absorbed the financial impact of the incident" that resulted in $388 million in user losses.
In a Wednesday X post, Bitget CEO Gracy Chen said withdrawals for all tokens would resume on Friday, and the exchange has already restored access to users' Bitcoin (BTC), Ether (ETH), and USDt (USDT).
As part of recovery efforts, Bitget's 'Protection Fund' also reached $309 million.
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Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 "absorbed the financial impact of the incident" that resulted in $388 million in user losses. In a Wednesday X post, Bitget CEO Gracy Chen said withdrawals for all tokens would resume on Friday, and the exchange has already restored access to users' Bitcoin (BTC), Ether (ETH), and USDt (USDT). As part of recovery efforts, Bitget's 'Protection Fund' also reached $309 million.
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