Bitget restores User Protection Fund to over $300 million following hack

Bitget has restored its User Protection Fund to approximately $309 million following a security breach on September 24 that resulted in a $388 million loss. CEO Gracy Chen confirmed that the company absorbed the financial impact, ensuring no user funds were affected. While the exchange is gradually resuming services, including withdrawals for BTC, ETH, and USDT, other functions like fiat withdrawals and P2P trading are scheduled to return by October 2, 15:00 (Thailand time).