October 2nd 2026, 12:42 PM
Crypto Exchange Bitget Freezes $1.1M of Stolen Funds
Key Summary
Bitget, a cryptocurrency exchange, has frozen $1.1 million of stolen funds from a recent hack that resulted in a total loss of $388 million. CEO Gracy Chen expressed skepticism about recovering significant funds, citing past experiences with crypto exchange hacks.
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Bitget freezes $1.1M of $388M stolen in crypto hack CEO Gracy Chen said she is "not expecting to recover a lot of funds," citing limited recoveries from past crypto exchange hacks
#Crypto#ExchangeHacks#SEC