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Wu Blockchain
@WuBlockchain
Important Crypto News mainly Asia Lead by Colin Wu 吴说 More Channels: Contact: Tele colinwu1989 non-financial advice
加入 February 2010
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Bitget CEO: If Bybit Can Withstand a $1.5B Loss, We Can Withstand a $300M+ Loss On September 24, roughly $350 million was stolen from Bitget. CEO Gracy Chen @GracyBitget said the exchange could absorb the loss and handle a potential bank run when withdrawals resume. She said Bitget's retail trading volume is comparable to Bybit's, arguing that if Bybit could absorb a $1.5 billion loss, Bitget could absorb a $300 million-plus loss. Some public chains have frozen stolen funds, and recovery efforts are underway, though Chen does not expect a full recovery.
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