Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach
60-second summary
Bitget’s CEO Gracy Chen says she is “not very optimistic” about recouping the $388 million lost in the exchange’s breach, citing the 2025 Bybit hack as a cautionary benchmark where only a tiny fraction of stolen assets were frozen or recovered, which signals prolonged user fund exposure and could pressure market confidence in centralized crypto platforms.
Gracy Chen said she saw the 2025 Bybit hack as a “good reference point” for Bitget’s security breach, noting that only a small percentage of funds had been frozen or recovered.