Bitget Launches Bounty Program for Stolen Funds, Offers 5% for Freezing and 5% for Recovery

Bitget's bounty structure effectively outsources recovery to third parties, which signals that centralized exchanges still lack reliable internal mechanisms to claw back stolen assets. The reliance on Circle and Tether to freeze stablecoins also highlights how the issuer-level control those firms hold has become a de facto enforcement layer for exchange breaches. The open question is whether this bounty model produces actual recoveries or merely generates a flurry of low-value tracing activity, and whether other exchanges facing similar incidents will copy the approach.