✉news TechnologyCybersecurity first seen 7 h ago, last 22 min ago, peak #21
Bitget CEO Sees Slim Odds of Recovering $388M Breach Funds
Bitget's chief executive has said there is little chance of recovering roughly $388 million stolen in a security breach at the crypto exchange. The admission offers a grim outlook on fund recovery efforts, underscoring the persistent risks of hacks in the cryptocurrency industry and the difficulty of tracing and retrieving stolen digital assets.
Why now: A major crypto exchange conceding that hundreds of millions in stolen funds are unlikely to be recovered draws attention to security risks in the industry.
Rank over time, top of the chart is #1. 6 snapshots from 7 h ago to 22 min ago.
Evidence
- Bitget CEO Sees Slim Odds of Recovering $388M Breach Funds · Altcoin Buzz
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