Security
Bitget's $351.6M Hot Wallet Breach Covered by Its Bitcoin (BTC) Fund
COINOTAG·September 27, 2026·1 min read
Bitget revised its hack losses to $387.5 million, covered by a $464 million fund holding 5,500 BTC. CEO Gracy Chen cited a backend breach, not leaked private keys. The incident underscores the importance of robust security measures in crypto exchanges, as Bitget's fund ensures user assets are protected.
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