Bitget replenishes Protection Fund to more than $300M after September 24 incident

  • Bitget replenished its Protection Fund after a September 24 security incident.
  • The estimated affected amount was $388M, while user balances remained accurate and unaffected.
  • Bitget established the fund in 2022 with $300M backed by 5,500 BTC.

Bitget says it has replenished its Protection Fund to more than $300M after designating it to cover the financial impact of a September 24 security incident. The estimated affected amount was $388M, while user account balances remained accurate and unaffected. Established in 2022 with an initial $300M backed by 5,500 BTC, the fund is designed to be on-chain, transparent and traceable. Bitget says users can independently verify it through associated wallet addresses on the Bitget Protection Fund page.

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