Mmastodon BusinessCrypto first seen 59 min ago, last 59 min ago, peak #12
Bitget to repay users after $387.5 million hack
Original: 🔐 387,5 Mio. $ Bitget-Hack: Erstattung gesichert! Bitget kompensiert alle Verluste aus ihrem 400M$ Schutzfonds – Auszahl
Crypto exchange Bitget says it will compensate all losses from a hack worth around $387.5 million, drawing on its roughly $400 million protection fund, and withdrawals are running again. Observers welcome the swift reimbursement but warn that keeping funds on exchanges carries risk, urging users to move larger holdings into self-custody hardware wallets.
Why now: A major exchange hack and its full reimbursement directly affects crypto holders' funds and trust in centralized exchanges.
Evidence
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