TREE NEWS update: Bitget has raised its estimate of losses from a hack to $387.5 million after widening its token accounting to include Zcash and TRON assets. XRP and ether dominate the identified outflows, and withdrawals remain paused at the exchange.
Bitget Raises Hack Estimate to $387.5M as Token Accounting Widens
The revised figure matters less than the accounting change behind it: widening the tally to Zcash and TRON implies the initial estimate undercounted the assets involved, which is a disclosure-quality issue as much as a security one. With XRP and ether dominating outflows and withdrawals still paused, the immediate pressure falls on Bitget's remaining users, who are locked out while the exchange reconciles its books. Whether the estimate stabilizes or expands again as more chains are reviewed is the open question.
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