TREE NEWS update: Bitget has reopened bitcoin withdrawals as it begins a phased restart of services, four days after attackers drained $388 million from its hot and warm wallets. The exchange said ETH, USDT and every other asset will follow on a set schedule running through Oct. 2.
Bitget Reopens Bitcoin Withdrawals After $388 Million Hack
The speed of the phased restart matters more than the headline number: reopening bitcoin withdrawals first signals which asset the exchange believes it can reconcile against reserves, while the staggered schedule through Oct. 2 leaves room for further delays if liabilities don't match. The real test is whether the remaining assets reopen on schedule without a run on the exchange, and whether users treat the sequencing as reassurance or as a reason to exit the moment their asset goes live.
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