Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack

The post Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack appeared first on Coinpedia Fintech News

About $350 million was stolen from Bitget on September 24, according to CEO Gracy Chen. She said the exchange can absorb the loss and handle a potential surge in withdrawals when they resume. Chen compared Bitget’s retail trading volume with Bybit’s, saying that if Bybit could withstand a $1.5 billion loss, Bitget could manage a …