Bitget restores $300M fund after absorbing $388M security breach
The restored backstop is separate from customer reserves, and claims remain subject to Bitget's assessment as withdrawals reopen in phases. The post Bitget restores $300M fund after absorbing $388M security breach appeared first on CryptoSlate.
Key Takeaways
- The restored backstop is separate from customer reserves, and claims remain subject to Bitget's assessment as withdrawals reopen in phases.
- The post Bitget restores $300M fund after absorbing $388M security breach appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
SEC Proposes Letting Advisers and Funds Self-Custody Crypto Assets
Investors could gain access to a wider range of crypto strategies under an SEC proposal. The plan would update longstanding safekeeping requirements for investment advisers and regulated funds under federal securities laws. Advisers and Funds Could Hold…
SEC moves to clear custody hurdle for advisers offering crypto
Custody requirements have kept some investment advisers from offering certain crypto to clients, a regulatory hurdle the SEC’s proposal could remove.
Crypto hackers have taken $2.7 billion in 2026 and the losses are alarmingly concentrated
Crypto firms and users have lost nearly $2.7 billion to security incidents this year, with North Korea-linked thefts exceeding $1 billion. Blockchain security firm CertiK recorded 658 incidents through September, with about $420.4 million of stolen assets…