✉news TechnologyCybersecurity first seen 14 h ago, last 37 min ago, peak #24
Bitget Raises Breach Estimate to $387.5 Million
Original: Bitget Raises Breach Estimate to $387.5 Million as IPO Plans Continue
Crypto exchange Bitget has increased its estimate of losses from a recent security breach to $387.5 million, while pressing ahead with plans for an initial public offering. The revised figure is drawing attention because it puts the incident among the costlier crypto security failures, even as the company signals confidence by continuing its listing plans.
Why now: The sharply raised loss estimate from a major exchange breach, disclosed while Bitget pursues an IPO, is significant news for crypto markets and investors.
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