Bitget launches stolen fund recovery bounty program: 5% reward each for freezing and recovery

PANews reported on September 26 that Bitget CEO Gracy Chen stated on the She called on exchanges, security researchers and on-chain investigators to participate in tracking and recovery, and thanked Circle and Tether for their quick freezing measures. PANews previously reported that Circle and Tether had frozen 218,023 USDT and 99,990 USDC in addresses related to the Bitget attack, totaling approximately US$318,000. Bitget stated that the attack caused a loss of approximately US$351.6 million. The attacker invaded the wallet service backend system, forged transfer information and triggered the authorization signature process. The leak of the private key has been ruled out.

PANews previously reported that Circle and Tether had frozen 218,023 USDT and 99,990 USDC in addresses related to the Bitget attack, totaling approximately US$318,000. Bitget stated that the attack caused a loss of approximately US$351.6 million. The attacker invaded the wallet service backend system, forged transfer information and triggered the authorization signature process. The leak of the private key has been ruled out.

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