Security· ★★★★· bearish·

Bitget CEO says exchange doesn't expect to recover much of $388M hack

  • —Bitget CEO: recovery of $388M hack losses unlikely
  • —Exchange previously disclosed hack details and recovery plan
  • —Alliance program launched with $1.9M reward pool
Why it matters: Losses of this scale hurt trust in the exchange and could accelerate client withdrawals.
Source: Google News (crypto query)