Bitget Raises Estimated Loss From Incident to $387.5 Million, Introduces Asset-Recovery Bounties
JH Kim
Summary
- Bitget said it has raised the estimated losses tied to a recent incident to $387.5 million.
- Bitget said it is pursuing a plan to pay bounties for tips and cooperation that support the recovery of leaked assets and related funds.
- Bitget said it is currently preparing to resume user withdrawals, though it did not disclose a specific timeline.
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Crypto exchange Bitget has raised its estimate of losses from a recent incident to $387.5 million and introduced a bounty program to help recover assets.
Cointelegraph reported on Sept. 25 that Bitget revised its estimate of the damage from the incident higher than previously projected, bringing total losses to $387.5 million.
The exchange is also pursuing a plan to pay bounties for tips and cooperation that support the recovery of leaked assets and related funds.
Bitget is currently preparing to resume user withdrawals. It has not disclosed a specific timeline for restarting them.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.