✉news TechnologyCybersecurity first seen 1 d ago, last 23 h ago, peak #25
Bitget CEO says most of $388M hack funds unrecoverable
Original: Bitget CEO: 'Not expecting to recover' most of $388M hack
Bitget's chief executive said he does not expect to recover most of the roughly $388 million stolen in a hack of the crypto exchange. The blunt admission stands out in an industry where exchanges typically promise full compensation to users, and it has fueled discussion about security standards and how platforms handle losses after major breaches.
Why now: The CEO's unusually candid admission that stolen funds will not be recovered is drawing attention in the crypto community.
Evidence
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