Stolen $350 million 😱
After exchange assets get stolen, the people who care most about what happened are definitely the platform users. Personally, I think it’s not a big issue— the protection fund is completely enough to cover the losses.
But every time a theft like this happens, it reminds me that users of DEXs face too much risk. In the crypto world ruled by the jungle, if you’re even slightly careless, your assets can go to zero. Meanwhile, a CEX gives you a layer of protection for yourself.
As for the Bitget exchange’s development so far, it has already made it through the early stage of the platform. It’s basically formed a stable base of customers and revenue—like a hen that lays golden eggs. It just laid eggs for half a year, not that long ago. After identifying the security issues, withdrawals should be reopened pretty quickly. After all, the longer it stays closed, the more panic there will be.
I have some assets on bieget. I’m not panicking for now. I’ll keep watching to see what happens next.
After exchange assets get stolen, the people who care most about what happened are definitely the platform users. Personally, I think it’s not a big issue— the protection fund is completely enough to cover the losses.
But every time a theft like this happens, it reminds me that users of DEXs face too much risk. In the crypto world ruled by the jungle, if you’re even slightly careless, your assets can go to zero. Meanwhile, a CEX gives you a layer of protection for yourself.
As for the Bitget exchange’s development so far, it has already made it through the early stage of the platform. It’s basically formed a stable base of customers and revenue—like a hen that lays golden eggs. It just laid eggs for half a year, not that long ago. After identifying the security issues, withdrawals should be reopened pretty quickly. After all, the longer it stays closed, the more panic there will be.
I have some assets on bieget. I’m not panicking for now. I’ll keep watching to see what happens next.