{"id":664259,"date":"2026-09-29T16:52:56","date_gmt":"2026-09-29T16:52:56","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/09\/29\/bitget-ceo-not-very-optimistic-on-recovering-funds-from-388m-breach\/"},"modified":"2026-09-29T16:52:56","modified_gmt":"2026-09-29T16:52:56","slug":"bitget-ceo-not-very-optimistic-on-recovering-funds-from-388m-breach","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/09\/29\/bitget-ceo-not-very-optimistic-on-recovering-funds-from-388m-breach\/","title":{"rendered":"Bitget CEO \u2018not very optimistic\u2019 on recovering funds from $388M breach"},"content":{"rendered":"

\"Bitget<\/p>\n

Gracy Chen said she saw the 2025 Bybit hack as a \u201cgood reference point\u201d for Bitget\u2019s security breach, noting that only a small percentage of funds had been frozen or recovered.<\/p>\n

The CEO of crypto exchange Bitget isn\u2019t sure that the company can fully freeze or recover all the assets compromised in a security breach last week that resulted in the loss of $388 million in crypto.<\/p>\n

Speaking on Cointelegraph\u2019s Chain Reaction<\/em> released Tuesday, Bitget CEO Gracy Chen said she was looking at the February 2025 hack of crypto exchange Bybit as a \u201cgood reference point\u201d for Thursday\u2019s breach. Hackers stole about $1.5 billion worth of Ether (ETH) from Bybit, and the company reported only freezing and recovering a combined $80 million.<\/p>\n

\u201cI\u2019m actually not very optimistic because after a year or so of Bybit\u2019s hack, they\u2019ve only [been able to freeze] about 3.5% of the total stolen funds,\u201d said Chen. \u201cThat\u2019s only the freezing. It\u2019s not about recovery yet.\u201d<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Gracy Chen said she saw the 2025 Bybit hack as a \u201cgood reference point\u201d for Bitget\u2019s security breach, noting that only a small percentage of funds had been frozen or recovered. The CEO of crypto exchange Bitget isn\u2019t sure that the company can fully freeze or recover all the assets compromised in a security breach […]<\/p>\n","protected":false},"author":1,"featured_media":664260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-664259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/664259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=664259"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/664259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/664260"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=664259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=664259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=664259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}