Crypto exchange Bitget has frozen about $1.1 million of the nearly $388 million stolen in a recent cyberattack, CEO Gracy Chen said. The company replenished its Protection Fund to over $300 million using its own reserves to cover losses, ensuring user balances remain unaffected. Investigations revealed attackers exploited vulnerabilities in third-party security products to bypass withdrawal controls. Bitget continues efforts to trace and recover assets but does not expect significant recovery, emphasizing its commitment to protecting users without passing costs to them.
The story on Bitget's $388 million hack provides context for market activity. For readers following the broader market, 88 of 150 US stocks on Pluang rose while 58 fell as of Oct 02, 2026 10:21 WIB. Notable movers include NU at USD 13.29 with a 4.98% increase and 90% buy order activity, AMAT at USD 534.33 up 4.49%, and OXY at USD 57.76 rising 4.41%.
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