There is money on Bitget. You can’t withdraw it yet
Since September 24, not a single coin can be withdrawn from Bitget. Hackers stole $387.5 million from the exchange’s hot wallets — the largest exchange hack of the year.
Trading is still working, and the $464 million protection fund promises to cover the losses. But withdrawals are being opened one by one: BTC — 28.09, ETH — 29.09, USDT — 30.09, and everything else, fiat, and P2P — only on October 2.
What caught my attention is this: I learn to risk no more than 2% per trade — but I keep the entire deposit on one exchange. 100% in one basket, with no stop-loss. The money isn’t gone, but for eight days you can’t use it. If you urgently need hryvnias or zlotys via P2P — wait until October.
This doesn’t directly affect me at <$BTC > and <$ETH >: the loss is covered by the fund, not by selling coins. But I draw conclusions: on the exchange there is only a trading deposit, and I’m going through KYC on the second exchange right now, nothing is on fire yet.
And do you have a backup exchange with KYC — or is everything on one exchange, like it is for me?
Follow along — next I’ll show the card I use to calculate the size of a position before every trade.
#WayOfCryptos $BTC $ETH
Since September 24, not a single coin can be withdrawn from Bitget. Hackers stole $387.5 million from the exchange’s hot wallets — the largest exchange hack of the year.
Trading is still working, and the $464 million protection fund promises to cover the losses. But withdrawals are being opened one by one: BTC — 28.09, ETH — 29.09, USDT — 30.09, and everything else, fiat, and P2P — only on October 2.
What caught my attention is this: I learn to risk no more than 2% per trade — but I keep the entire deposit on one exchange. 100% in one basket, with no stop-loss. The money isn’t gone, but for eight days you can’t use it. If you urgently need hryvnias or zlotys via P2P — wait until October.
This doesn’t directly affect me at <$BTC > and <$ETH >: the loss is covered by the fund, not by selling coins. But I draw conclusions: on the exchange there is only a trading deposit, and I’m going through KYC on the second exchange right now, nothing is on fire yet.
And do you have a backup exchange with KYC — or is everything on one exchange, like it is for me?
Follow along — next I’ll show the card I use to calculate the size of a position before every trade.
#WayOfCryptos $BTC $ETH
