WorldPingBitget CEO Gracy Chen said that a protection fund created by the company in 2022 “absorbed the financial impact of the incident“ that resulted in $388 million in user losses.
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Bitget ‘gradually back to usual’ as protection fund reaches $309M
UK’s 2027 crypto rules let firms remove trust protection from Bitcoin lent for yield
Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps
Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked
The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.
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WorldPingHackers behind Bitget’s $387.5 million breach are turning to Zcash's privacy features to hide the stolen funds as crypto firms increasingly block other escape routes. About 2,746 ZEC worth roughly $3.
Brief by WorldPing · Original reporting by CryptoSlate
WorldPingThe attacker behind the $387.5 million Bitget heist has started hiding about $3.8 million in ZEC inside Zcash's Ironwood pool, after Near Intents turned their swaps away.
Brief by WorldPing · Original reporting by Decrypt
WorldPingWith FCA applications now open, the expected October 2027 regime will preserve safeguards for in-scope retail borrowing collateral while allowing a lending trust exemption.
Brief by WorldPing · Original reporting by CryptoSlate
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