CoinScoopBitget to Cover Losses from $351.6 Million Hack via Protection Fund
Bitget announced it will use its 5,500 BTC protection fund to cover losses following a $351.6 million unauthorized outflow on September 24. The exchange denied a private key leak, stating it has identified part of the attack vector. Withdrawals remain suspended, and the exchange plans to replenish the fund after covering user losses.
Summaries are written by AI from the original article. Not investment advice.