Bitget Raises Estimated Losses From Recent Incident to $387.5 Million, Introduces Recovery Bounties
Summary
- Bitget said it has raised its estimate for the recent incident to $387.5 million.
- Bitget said it is pursuing a plan to pay bounties for tips and cooperation aimed at recovering leaked assets.
- Bitget said it is preparing to resume withdrawals for users, but did not disclose a specific timeline.
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Cryptocurrency exchange Bitget has raised its estimate of losses from a recent incident to $387.5 million and introduced a bounty program to help recover assets.
Cointelegraph reported on Sept. 25 that Bitget revised up the estimated damage from the incident to $387.5 million from its earlier estimate.
Bitget is also pursuing a plan to pay bounties for tips and cooperation that support the recovery of leaked assets and related funds.
The exchange is currently preparing to resume user withdrawals. It did not disclose a specific timeline for the restart.
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