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      Bitget Updates on Security Incident, Stolen Amount Revised to $387.5 Million

      Bitget's Chief Growth Officer, Xie Jiayin, provided an update regarding the recent security incident affecting the cryptocurrency exchange. The platform has revised the estimated amount stolen to approximately $387.5 million, an increase from the previous estimate of $351.6 million. This adjustment includes transfers involving Zcash (ZEC) and TRON (TRX), while no additional unauthorized transfers have been reported.

      The security team has made significant progress in identifying the hacker's methods and attack path, coming close to tracing the source of the breach. Ongoing investigations by third-party security firms Mandiant and SlowMist are expected to yield a detailed report soon. Xie Jiayin announced that the withdrawal recovery timeline will be disclosed before 12 PM tomorrow.

      To mitigate the impact on users, Bitget has assured that the stolen funds will be fully covered by its user protection fund, ensuring that user assets remain secure. Additionally, the platform has initiated a fund recovery bounty program, offering a 5% reward for those who can assist in freezing or recovering the hacker's funds. Relevant information can be submitted through a dedicated portal, and the attacker's address has been made public for tracking purposes.

      © 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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