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September 29, 2026 4:33 pm
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Bitget CEO Gracy Chen said Chen is not optimistic about the chances of freezing and recovering funds from a recent $388 million hack, according to Cointelegraph.
Citing Bybit’s $1.5 billion hack last year, Chen said that after about a year, only around 3.5% of the stolen funds had been frozen, and none of that had actually been recovered. Bitget is offering separate 5% bounties to parties that help freeze and recover the stolen funds.