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Stories tagged #ProtectionFund

Every Zipp story tagged #ProtectionFund, newest first.

Bitget restores $300M Protection Fund after $388M breach

39d ago

Bitget restores $300M Protection Fund after $388M breach

The $388M draw on Bitget's self-managed backstop is one of the larger disclosed exchange losses, and the real test is whether the 131% reserve snapshot holds through the Oct 2 withdrawal restart.

Bitget Hack Could Put 76% of Its Protection Fund at Risk

46d ago

Bitget Hack Could Put 76% of Its Protection Fund at Risk

The $351.6M breach remains under investigation, and frozen or recovered assets could reduce the eventual loss. Withdrawals stay suspended until security checks are complete.