Bitget has increased its loss recognition amount to about $387.5 million, and market attention has shifted from “what happened” to “whether the recovery can follow the schedule.”
The timeline provided in the announcement is very clear: BTC withdrawals will resume first on September 28, followed by ETH and USDT. Other tokens, fiat, and P2P services are planned to be gradually restored by October 2. Meanwhile, the platform says the underlying vulnerability has already been identified and patched.
I see two things here: first, phased restoration usually helps stabilize sentiment; second, the real pressure will fall on how smoothly withdrawals restart and on the progress of funds being recovered. The direct impact on BTC, ETH, and USDT themselves may be limited, but the effect on exchange trust and the risk of a run are more worth monitoring.
Are you more focused on the “withdrawal recovery schedule,” or the “follow-up security review and fund recovery results”?
Figure 1: Bitget raises the stolen amount and publishes a withdrawal restart plan · Key news points
Image source: https://www.newsbtc.com/technology/bitget-raises-hack-estimate-to-387-5m-and-sets-withdrawal-restart-plan/
The timeline provided in the announcement is very clear: BTC withdrawals will resume first on September 28, followed by ETH and USDT. Other tokens, fiat, and P2P services are planned to be gradually restored by October 2. Meanwhile, the platform says the underlying vulnerability has already been identified and patched.
I see two things here: first, phased restoration usually helps stabilize sentiment; second, the real pressure will fall on how smoothly withdrawals restart and on the progress of funds being recovered. The direct impact on BTC, ETH, and USDT themselves may be limited, but the effect on exchange trust and the risk of a run are more worth monitoring.
Are you more focused on the “withdrawal recovery schedule,” or the “follow-up security review and fund recovery results”?
Figure 1: Bitget raises the stolen amount and publishes a withdrawal restart plan · Key news points
Image source: https://www.newsbtc.com/technology/bitget-raises-hack-estimate-to-387-5m-and-sets-withdrawal-restart-plan/
