Bitget ETH withdrawals reopen with funds flowing back, hot wallet balance rises
- —Bitget's hot wallet held about 30,000 ETH before withdrawals reopened
- —Balance fell to roughly 25,000 ETH within 30 minutes of the restart
- —Large ETH inflows then pushed the balance above its initial level
- —Analyst links the return of funds to the ETH PoolX campaign and confidence after BTC payouts
Why it matters: The quick return of funds signals Bitget is handling withdrawals after its hack, easing the risk of further outflows and pressure on BGB.
Source: PANews