✉news TechnologyCybersecurity first seen 18 h ago, last 11 h ago, peak #21
Bitget CEO Sees Slim Odds of Recovering $388M Breach Funds
Bitget's chief executive has said there is little chance of recovering roughly $388 million stolen in a security breach at the crypto exchange. The admission offers a grim outlook on fund recovery efforts, underscoring the persistent risks of hacks in the cryptocurrency industry and the difficulty of tracing and retrieving stolen digital assets.
Why now: A major crypto exchange conceding that hundreds of millions in stolen funds are unlikely to be recovered draws attention to security risks in the industry.
Evidence
- Bitget CEO Sees Slim Odds of Recovering $388M Breach Funds · Altcoin Buzz
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