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      Bitget Protection Fund Holds 5,500 BTC to Cover Hot Wallet Incident Losses

      Bitget, a cryptocurrency exchange, has announced that its Protection Fund currently holds 5,500 Bitcoin, valued at approximately 464 million dollars based on current market prices. The fund is designed to safeguard user assets against threats such as cybersecurity incidents.

      In light of a recent hot wallet incident, Bitget stated that the losses incurred will be covered by the Protection Fund following a thorough assessment. The exchange has made all fund wallet addresses public, allowing users to verify the fund's holdings on-chain at any time.

      Bitget plans to supplement the Protection Fund, with further details and coverage terms to be disclosed in the near future. This initiative underscores the platform's commitment to ensuring the security of its users' assets.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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