Press Enter to search · ESC to close

Crypto DeFi

Bitget Reopens Bitcoin Withdrawals After $388 Million Hack

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.

Original source

AI take

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.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback