CoinScoopBitget to Cover Hot Wallet Security Incident Losses via Protection Fund
Bitget announced that its user protection fund, which currently holds 5,500 BTC (valued at approximately $464 million), will cover losses from the recent hot wallet security incident. The exchange confirmed that all fund wallet addresses are public and verifiable on-chain. Details regarding compensation terms and the replenishment of the fund will be announced separately.
Summaries are written by AI from the original article. Not investment advice.