Bitget CEO Gracy Chen just confirmed they're NOT expecting to recover much of that $388M hack from last week.
Only $1.1M frozen so far. That's 0.3% recovery rate.
The attack vector? Zero-day exploit in third-party security software. Attackers got privileged access and bypassed withdrawal controls entirely.
This is why you don't keep serious bags on CEX. Not your keys, not your coins isn't just a meme anymore.
$388M gone and the team's already waving the white flag on recovery. Cold storage looking real good right now.
Only $1.1M frozen so far. That's 0.3% recovery rate.
The attack vector? Zero-day exploit in third-party security software. Attackers got privileged access and bypassed withdrawal controls entirely.
This is why you don't keep serious bags on CEX. Not your keys, not your coins isn't just a meme anymore.
$388M gone and the team's already waving the white flag on recovery. Cold storage looking real good right now.
