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Bitget security breach drains $387.5M, but its fund covers every dollar

The Cryptonomist·September 26, 2026·1 min read
Bitget security breach drains $387.5M, but its fund covers every dollar

Bitget suffered a $387.5 million security breach, one of the largest exchange hacks of 2026, with funds vanishing in hours. CEO Gracy Chen responded by doubling down on the company's long-term commitments, and the exchange's fund covers every dollar lost, according to the report.

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