Bitget was hacked this time. The most valuable thing isn’t the incident itself, but how they handle it afterward.
The attack path has been confirmed and fixes have been completed. In addition, Mandiant and SlowMist have been brought in to trace the funds, and a Recovery Bounty has been launched to drive on-chain freezing and fund recovery.
For users, it’s hard to tell whether an exchange is reliable in normal times—everything can look the same until the moment something goes wrong.
Whether they can quickly identify the issue, whether they have the capability to mobilize external security resources, and whether they’re willing to spend money to recover the stolen funds—these matter more than any advertisement.
The industry should remember this as well: security incidents won’t disappear, but the response speed and the attitude toward compensation can be standardized.
Making fund recovery a routine action is far more useful than releasing a polished statement after the fact.
The attack path has been confirmed and fixes have been completed. In addition, Mandiant and SlowMist have been brought in to trace the funds, and a Recovery Bounty has been launched to drive on-chain freezing and fund recovery.
For users, it’s hard to tell whether an exchange is reliable in normal times—everything can look the same until the moment something goes wrong.
Whether they can quickly identify the issue, whether they have the capability to mobilize external security resources, and whether they’re willing to spend money to recover the stolen funds—these matter more than any advertisement.
The industry should remember this as well: security incidents won’t disappear, but the response speed and the attitude toward compensation can be standardized.
Making fund recovery a routine action is far more useful than releasing a polished statement after the fact.