Bitget Says It Is ‘Gradually Back to Usual’ as Protection Fund Hits $309M

The claim that a protection fund absorbed a loss larger than the fund itself is the detail worth pausing on, since it implies either recovery of assets or coverage beyond the headline figure. For exchange users, the real signal is whether the fund's stated purpose matches its actual capacity to shield customer balances. Whether the platform's operations and withdrawals continue normalizing is the open question.