Wu Blockchain(@WuBlockchain):Bitget CEO: After FTX, I Don’t Think Major Exchanges Would Comingle User Funds On September 24, Bitget CEO Gracy Chen @GracyBitget said the collapse of FTX was a hard lesson for the entire industry, and that she does not believe major exchanges today would intentionally comingle customer funds. The exchange has a publicly verifiable protection fund of about $460 million, as well as more than $1 billion in Bitget-owned assets, separate from customer funds. She said user assets are backed 1:1 and can be checked through proof-of-reserves and Merkle Tree data.

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Wu Blockchain@WuBlockchain

2026.09.25 06:30

Bitget CEO: After FTX, I Don’t Think Major Exchanges Would Comingle User Funds On September 24, Bitget CEO Gracy Chen @GracyBitget said the collapse of FTX was a hard lesson for the entire industry, and that she does not believe major exchanges today would intentionally comingle customer funds. The exchange has a publicly verifiable protection fund of about $460 million, as well as more than $1 billion in Bitget-owned assets, separate from customer funds. She said user assets are backed 1:1 and can be checked through proof-of-reserves and Merkle Tree data.