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Bitget discloses $388M in assets affected by security breach

Bitget said the security breach it disclosed on Thursday affected about $388 million in assets, roughly $35 million more than the exchange previously reported. The revised figure follows an analysis of assets held on Zcash and TRON, the exchange said in its clarification of the incident.

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AI take

The revision matters less for its size than for where it came from: the extra $35 million surfaced only after a second pass over Zcash and TRON holdings, which suggests the initial accounting was incomplete rather than merely rounded. That distinction shapes how the exchange's disclosure process is likely to be judged by users and counterparties, since the credibility of a breach notice rests on whether the first number holds. Whether other chains require similar restatement is the open question.

Generated by AI for reference only.

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