Bitget's BTC protection fund sheds 3,215 BTC worth $266M
- —3,215.28 of 5,500 BTC left Bitget's protection fund, worth about $266 million
- —2,284.71 BTC remains on-chain
- —The latest hot-wallet transfer occurred 13 hours ago
- —The first wave of withdrawal requests is nearly processed
Why it matters: How fast the fund is being drained signals the scale of outflows after the Bitget hack and shapes confidence in the exchange.
Source: PANews