Bitget hot wallet was stolen—compare the "payout capability" of other major exchanges:
About $350 million stolen; Bitget protection fund: $460 million;
Binance has $1.27 billion in its own insurance, with BTC reserves and on-chain verification available;
OKX's SAFU size hasn’t been publicly disclosed, but it offers European users up to €500,000 compensation per account;
Gate reports $500 million, but it’s only shown on the website—no on-chain addresses are known.
The value of an exchange’s "insurance" varies greatly—can it be verified on-chain, what exactly does it cover, and whether it only protects users in certain regions?
To judge whether an exchange is reliable, don’t just go by promotional total amounts—check whether its payout rules are clearly written.
About $350 million stolen; Bitget protection fund: $460 million;
Binance has $1.27 billion in its own insurance, with BTC reserves and on-chain verification available;
OKX's SAFU size hasn’t been publicly disclosed, but it offers European users up to €500,000 compensation per account;
Gate reports $500 million, but it’s only shown on the website—no on-chain addresses are known.
The value of an exchange’s "insurance" varies greatly—can it be verified on-chain, what exactly does it cover, and whether it only protects users in certain regions?
To judge whether an exchange is reliable, don’t just go by promotional total amounts—check whether its payout rules are clearly written.