TREE NEWS update: Bitget has resumed Bitcoin withdrawals following last week’s $388 million hack, with Ether withdrawals scheduled to return Tuesday and USDt on Wednesday as the exchange restores services. The attacker swapped ETH via THORChain.
Bitget Resumes Bitcoin Withdrawals After $388M Hack; ETH, USDT to Follow
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AI take
The speed of the restart matters more than the hack itself: resuming Bitcoin first, then ETH and USDT on a fixed schedule, suggests Bitget is prioritising the assets with the deepest liquidity and the most anxious holders. The detail that the attacker routed ETH through THORChain is the more interesting thread, since it points to a cross-chain swap venue rather than a centralised exit. Whether other exchanges tighten monitoring of similar flows is the open question, as is whether the staged withdrawal timetable holds.
Generated by AI for reference only.
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