✉news TechnologyCybersecurity first seen 4 h ago, last 33 min ago, peak #21
Bitget CEO Says $388M Hack Funds Unlikely to Be Recovered
Original: Bitget CEO Sees Slim Odds of Recovering $388M Breach Funds
The chief executive of crypto exchange Bitget says there is little chance of recovering the roughly $388 million stolen in a breach of the platform. The admission comes despite efforts to trace and freeze the stolen assets, and it underlines how difficult recovery remains in major crypto thefts, where funds are typically laundered quickly through mixers and cross-chain transfers.
Why now: The scale of the loss and the admission that recovery is unlikely keep the breach in the news.
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 33 min ago.
Evidence
- Bitget CEO Sees Slim Odds of Recovering $388M Breach Funds · Altcoin Buzz
API: https://socialmediatrends-api.osmike.com/v1/trends/520765