Bitget users withdraw $463M in 24 hours after $388M hack — record outflow for DefiLlama
- —The Bitget hack drained $388 million from the exchange
- —Net outflows hit $463 million in the 24 hours after withdrawals resumed
- —DefiLlama says it is the largest daily net outflow in its four-year record
- —Bitget still reports about $5.7 billion in reserves
Why it matters: The record outflow underscores how quickly confidence in a centralized exchange can erode after a breach and sets a benchmark for reserve resilience.
Source: The Cryptonomist (IT)