Bitget Rebuilds $300M+ Protection Fund, Withdrawals Resumed

• Crypto exchange Bitget’s Protection Fund has recovered to $309M.
• The exchange has resumed withdrawals following the $388M breach.
• $1.1M in stolen funds has been frozen, while the exchange reports a 131% reserve ratio.

After the $388 million security breach, Bitget is now slowly returning to normal operations. After the company’s protection fund hit $309 million, it has reportedly restored withdrawals for major assets, including Bitcoin, Ether, and USDT. 

Bitget Protection Fund Reaches $309M

According to a press release, Bitget’s Protection Fund has recovered to around $309 million amid the crypto exchange’s efforts to restore normal operations after the security breach. The fund was created to help users who lose funds in security breaches or similar situations where they are not responsible for the loss.

Initially, the fund was launched in January 20…

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