Bitget CEO Gracy Chen said recovering much of the roughly $387.5 million stolen in the September 24 security breach will be difficult, citing Bybit’s February 2025 theft of about $1.5 billion in Ether as a recovery benchmark. Bitget raised its initial loss estimate from approximately $351.6 million or $352 million after more complete on-chain accounting. The breach affected hot and warm wallets through spoofed transaction data and unauthorized withdrawal instructions, while cold wallets and private keys were not compromised. Bitget said its User Protection Fund covered customer losses, although the fund later fell below $200 million as it was used for hack-related losses, and the exchange committed to replenishing it to more than $300 million within a week. NEAR Intents said its SHIELD system blocked more than $50 million in attempted theft-linked transfers, while THORChain processed about $6.3 million in Ether-to-Bitcoin swaps from an attack-linked wallet after rejecting Bitget’s request to block the addresses. Preliminary indicators raised the possibility of North Korean involvement, but Bitget has not ruled out an inside job and investigations remain ongoing.