Zhao Says Binance, BNB Chain Ecosystem Will Support Bitget After Incident
Summary
- Changpeng Zhao said he is willing to support exchange Bitget following a recent incident.
- Zhao said Binance and the BNB Chain ecosystem would provide support where they could help.
- Bitget said it has raised its estimate of the damage from the incident to $387.5 million and is moving ahead with a bounty program for asset recovery and preparations to resume user withdrawals.
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Binance co-founder Changpeng Zhao said he is willing to support cryptocurrency exchange Bitget following a recent incident.
Cointelegraph reported on September 25 that Zhao said Binance and the BNB Chain ecosystem would offer support where they could help Bitget.
He did not disclose specific measures or the scale of the support.
Bitget earlier raised its estimate of the damage from the incident to $387.5 million and introduced a bounty program to help recover assets. The exchange is also preparing to resume user withdrawals.
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