Bitget CEO Gracy Chen stated that the exchange faces slim chances of recovering the entire $388 million stolen in a 2026 security breach, marking it as one of the largest crypto hacks of the year. She referenced Bybit's 2025 hack, where only about 3.5% of stolen funds were frozen after a year, to illustrate the difficulty of full recovery. Bitget has launched a bounty program offering rewards for frozen and recovered funds, while teams and companies like NEAR Intents, Tether, and Circle have frozen millions linked to the attack. Bitget has started resuming withdrawals in stages, beginning with Bitcoin and Ether transactions.
The article highlights Bitget's challenge in recovering $388 million from a major crypto hack. Meanwhile, Tether USDT, a key stablecoin involved in such ecosystems, trades at Rp17.958 on Pluang with a slight 0.04% decrease as of Sep 29, 2026 23:41 WIB. The platform shows a balanced market interest with 58% buy orders and a typical hold time of 89 days, indicating steady investor engagement despite security concerns in the crypto space.
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