🚨 The Bitget situation has changed quite a bit since the first reports, so the latest update is worth looking at. The initial figure was $351.6M. Bitget’s latest tracing now puts the amount transferred to attacker-controlled addresses at around $387.5M, after additional $ZEC and $TRX transactions were identified. This wasn’t a second attack. Bitget says the incident has been contained, the vulnerability has been identified and fixed, and Mandiant and SlowMist are helping with the investigation. Then there’s the $464M+ User Protection Fund. According to Bitget, the fund is larger than the amount involved, while user account balances remain intact. Trading and deposits have continued, with withdrawals paused as a security measure during the review. The incident itself is serious, but there’s also a lot of speculation going around that doesn’t help anyone. The things worth waiting for now are the full incident report, the withdrawal update and the final investigation findings. One thing people really need to be careful about right now: fake tokens and recovery scams. Incidents like this create the perfect environment for scammers pretending to be Bitget, offering compensation, recovery services or fake “Bitget” tokens. Don’t connect your wallet, send funds or enter your login details because someone claims they can help recover your money. Stick to Bitget’s verified channels. At this point, the important questions are pretty straightforward: How does Bitget handle the recovery, when are withdrawals safely restored, and what does the full investigation reveal? Those answers will matter a lot more than the speculation circulating right now. #Macro Insights#