✉news TechnologyCybersecurity first seen 4 h ago, last 2 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 customer withdrawals. The revised figure significantly raises the earlier assessment of the breach's impact. Traders are watching for details on the withdrawal restart schedule and how the exchange plans to cover the shortfall, as the incident adds to ongoing concerns about security across major crypto platforms.
Why now: The significantly higher loss estimate and pending withdrawal restart directly affect Bitget customers and crypto markets.
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