Bitget’s 5,500 $BTC Protection Fund Is Moving very very fast.
Another update on the Bitget BTC withdrawals. Out of the 5,500 BTC protection fund, 3,215.28 #BTC has now been withdrawn, worth roughly $266M.
That leaves around 2,285 BTC still on-chain. The latest transfer from Bitget’s hot wallet happened about 18 hours ago, so it looks like the first wave of #btc withdrawal requests may be mostly behind us.
Now the interesting part… how will today’s ETH withdrawals play out?
Another update on the Bitget BTC withdrawals. Out of the 5,500 BTC protection fund, 3,215.28 #BTC has now been withdrawn, worth roughly $266M.
That leaves around 2,285 BTC still on-chain. The latest transfer from Bitget’s hot wallet happened about 18 hours ago, so it looks like the first wave of #btc withdrawal requests may be mostly behind us.
Now the interesting part… how will today’s ETH withdrawals play out?
