Bitget CEO Gracy stated during a livestream that while the attacker's identity cannot yet be...

Bitget CEO Gracy stated during a livestream that while the attacker's identity cannot yet be confirmed with 100% certainty, the incident is highly likely linked to North Korean hackers; certain IP addresses closely match VPN patterns used by a group associated with the DPRK. The current protection fund, exceeding $465 million, is sufficient to cover the losses on its own. In addition to this fund, Bitget holds over $1 billion in proprietary capital. She emphasized that Bitget is certainly not "another FTX" and is fully capable of handling a potential run on withdrawals; noting that Bitget’s retail business is comparable in scale to Bybit’s, she argued that if Bybit could withstand a $1.5 billion loss, Bitget could certainly absorb a loss of over $300 million.

Source: Wu Blockchain