✉news TechnologyCybersecurity first seen 8 h ago, last 9 min ago, peak #6
Bitget Raises Hack Loss Estimate To $387.5 Million
Original: Bitget Raises Hack Estimate To $387.5M And Sets Withdrawal Restart Plan
Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a plan to restart user withdrawals. The revision makes it one of the larger exchange security breaches in recent years. Traders are watching closely for details on the withdrawal timeline, compensation arrangements and how the exchange intends to cover the shortfall.
Why now: The significantly higher loss estimate and pending resumption of withdrawals directly affect users' funds and confidence in the exchange.
Evidence
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