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Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack
The post Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack appeared first on Coinpedia Fintech News About $350 million was stolen from Bitget on September 24, according to CEO Gracy Chen. She said the exchange…
· 1 min read · 148 words · via Coinpedia
Wire briefing
The post Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack appeared first on Coinpedia Fintech News About $350 million was stolen from Bitget on September 24, according to CEO Gracy Chen. She said the exchange can absorb the loss and handle a potential surge in withdrawals when they resume. Chen compared Bitget’s retail trading volume with Bybit’s, saying that if Bybit could withstand a $1.5 billion loss, Bitget could manage a …
Source: Coinpedia. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
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