$BGB Bitget’s $464M Protection Fund Fully Covers the $351.6M Breach — User Funds Remain Safe. Bitget’s hot wallets were breached for ~$351.6M, but this is not an insolvency story. The exchange’s User Protection Fund stands at $464M+ and fully covers the loss, and both the fund and reserves are verifiable onchain via Proof of Reserves. That’s the core reason user funds remain safe. What’s confirmed so far: Cold wallets are secure; only a portion of hot/warm wallets was affected. Withdrawals are paused as a standard security protocol while forensics with Mandiant and SlowMist continue; deposits and trading have never stopped. Bitget has committed to hourly updates and a full incident report within 24 hours, with the withdrawal plan to be announced by Sep 26, 04:00 UTC. I’m staying calm, not withdrawing in panic, and waiting for the official report. In parallel, please be careful: fake “BGB” or “Bitget” tokens and airdrop links are already circulating. Only trust official Bitget channels and support; don’t click random links or connect your wallet to unknown sites. #Bitget #cryptohack #XRP