About $350 million was stolen from Bitget on September 24, according to CEO Gracy Chen. She said the exchange can absorb the loss and handle a potential surge in withdrawals when they resume. Chen compared Bitget’s retail trading volume with Bybit’s, saying that if Bybit could withstand a $1.5 billion loss, Bitget could manage a loss of more than $300 million. Some public chains have frozen stolen funds, while recovery efforts continue, although Chen does not expect a full recovery.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Algorand is making a case for a comeback, and the Algorand price prediction now has…
PYTH has broken out of a long-standing descending channel on the weekly chart, and the…
Zcash price prediction just got trickier. ZEC surged roughly 48% between September 15 and September…
As the crypto market has come under extreme bearish influence, the Ethereum price plunged hard…
Injective is making a numbers driven pitch to crypto investors. Its revenue to fully dilution…
Altcoins have gone five years without a major rally, and many traders have given up…
