Bitget Revises Hack Losses Upward to $388 Million

Key Facts

Bitget revised its total digital asset loss estimate from the recent security breach upward to approximately $388 million. Blockonomi reported that the new figure represents a significant increase from the initial $352 million assessment announced just 24 hours earlier.

The exchange stated that the revised estimate emerged from comprehensive blockchain forensic analysis that uncovered additional compromised assets on the Zcash and TRON networks. Bitget confirmed it will utilize its Protection Fund, valued at over $464 million, to compensate for the losses incurred during the incident.