Bitget CEO ‘Not Very Optimistic’ on Recovering Funds From $388M Breach

The notable signal here is not the size of the loss but the CEO's public candor: exchanges typically project confidence about recovery, and conceding that only a small share has been frozen sets a different expectation for creditors and users. Invoking Bybit's 2025 hack as the reference point frames this as part of a pattern rather than an isolated event, which keeps pressure on how the industry handles breach response. Whether other exchanges follow with comparable disclosures, and how recovery efforts progress, is the open question.