CoinScoopBitget Protection Fund to Absorb Losses from Hot Wallet Incident
Bitget confirmed that its protection fund, holding 5,500 BTC worth approximately $464 million, will be used to cover losses from the recent hot wallet security incident. The fund is designed to address platform-level threats and protect user assets. The exchange plans to replenish the fund and will release further details on compensation terms soon.
Summaries are written by AI from the original article. Not investment advice.