S&P 5007,651.54▼0.2% Nasdaq26,861.06▲0.2% Dow50,906.05▼0.9% Russell 2K2,796.86▼0.4% 10-Yr5.29%+4bp VIX16.34+0.30 WTI$90.46▲1.2% Gold$4,189.00▲0.2% EUR/USD1.133▼0.3% BTC$85,979▲2.9% Nikkei65,481▼0.6%
At close · Wed, Sep 30, 2026
Daily Market Updates.

Crypto

Home›Crypto›Market Structure›Bitget says it expects limited recovery after $387.5 m…

Bitget says it expects limited recovery after $387.5 million hack

The exchange froze a small portion of the stolen funds, and restored much of its protection fund, according to CNBC.

Reported · Written up by our desk · Market Structure

Bitget CEO told CNBC that the crypto exchange is not expecting to recover a large share of the $387.5 million stolen in last week’s hack.

CNBC reports that Bitget has frozen only a tiny fraction of the stolen funds.

The outlet also reports that the exchange restored much of its protection fund after the incident.

← Newer storyDollar index edges lower ahead of September nonfarm payrolls

More like this

CryptoSouth Korean crypto exchange profits fall 78% in first half of 2026
CryptoElectrum updates Lightning backup recovery for some Bitcoin users
CryptoZano attacker minted 1.8 quadrillion fUSD before blockchain rollback
CryptoCore Lightning urges Bitcoin Lightning node operators to upgrade
CryptoPropAMMs cut Solana swap execution costs versus public AMMs

Sources

CNBC MarketsBitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC
CNBC WorldBitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC
CNBC FinanceBitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC
CNBC FinanceBitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.