It has effectively blocked them.
Now the question is: what will happen to the funds of ordinary users?
Bitget has confirmed that it has a "Emergency Protection Fund" worth $464 million. All users’ losses will be covered from there. As a result, no ordinary trader’s funds will be lost. In addition, the Binance security team is also working jointly with Bitget to track stolen funds.
This incident once again reminds us—no matter how secure a centralized exchange is, for long-term investment, a cold wallet is the safest.
Where do you keep your crypto assets? Let us know in the comments. Subscribe to the channel to get the next updates and stay tuned.
Now the question is: what will happen to the funds of ordinary users?
Bitget has confirmed that it has a "Emergency Protection Fund" worth $464 million. All users’ losses will be covered from there. As a result, no ordinary trader’s funds will be lost. In addition, the Binance security team is also working jointly with Bitget to track stolen funds.
This incident once again reminds us—no matter how secure a centralized exchange is, for long-term investment, a cold wallet is the safest.
Where do you keep your crypto assets? Let us know in the comments. Subscribe to the channel to get the next updates and stay tuned.