Bitget's $464 Million Protection Fund Can Cover Attack Losses, Withdrawals to Resume in Phases

Odaily News: According to monitoring by Xie Jiajin, the previous attack incident involved multiple chains, rather than a single asset or a single network. Bitget suspended withdrawals before completing the investigation and verification of all steps to avoid exposing users to risk. Withdrawals will only resume in phases by chain and by asset after each chain has completed repairs and security verification. Xie Jiajin stated that the suspension of withdrawals has nothing to do with whether Bitget has sufficient funds; Bitget's protection fund stands at $464 million, which can fully cover the losses from this attack incident, and its proof of reserves is 127%, which has already been made public.