Bitget CEO Gracy Chen has revised the loss estimate from last week's security breach to $388M, expressing caution over asset recovery.
Key Updates: • Recovery Challenges: Citing Bybit's 2025 hack (where only ~3.5% was frozen), Chen noted full recovery remains unlikely. • Bounty & Freezes: Bitget launched a 5% freeze / 5% recovery bounty. NEAR Intents blocked $50M+, while Tether and Circle blacklisted wallets containing $318K+ in stablecoins. • Suspects: Early IP traces point toward potential DPRK-linked groups, though an internal exploit hasn't been ruled out. • Operations: Withdrawals are gradually resuming (# #BTC and ETH active).
Stay safe out there, Binancians, and always double-check your wallet security and approval permissions! 🔒🌐