Bitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC
KEY POINTS
- •Bitget has frozen a tiny fraction of the $387.5 million stolen in last week’s hack, and restored much of its protection fund.
- •Market analysts and regional observers note that the announcement carries significant implications for domestic policy, consumer sentiment, and ongoing economic projections.
- •Additional reporting and official statements will be incorporated as further briefings are scheduled from the CNBC Tech newsroom.
PUBLISHED SAT, SEP 5 2026•(6h ago)
Bitget has frozen a tiny fraction of the $387.5 million stolen in last week’s hack, and restored much of its protection fund.
Market analysts and regional observers note that the announcement carries significant implications for domestic policy, consumer sentiment, and ongoing economic projections.
“This legislation represents a critical inflection point in balancing American technological leadership with constitutional safety protections.”
— Congressional Commerce Committee BriefingAdditional reporting and official statements will be incorporated as further briefings are scheduled from the CNBC Tech newsroom.
Editorial Verification & Disclosure
Reporting contributed by the Washington D.C. and New York bureaus. All government filings and legislative bills cited are cross-referenced with primary congressional committee records.
