Bitget CEO pessimistic about recovering funds from $388M security breach
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Bitget CEO Gracy Chen expressed low optimism regarding the recovery of $388 million stolen in a recent security breach, citing the 2025 Bybit hack where only about 3.5% of stolen funds were frozen after a year. In response, Bitget launched a 10% bounty program, while NEAR Intents blocked over $50 million and Tether and Circle blacklisted an exploit wallet.
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