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Bitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CNBC World

What happened

Bitget has frozen a tiny fraction of the $387.5 million stolen in last week’s hack, and restored much of its protection fund.

Key facts

  • Bitget has frozen a tiny fraction of the $387.5 million stolen in last week’s hack, and restored much of its protection fund.
  • Reported by CNBC World and published Fri, 02 Oct 2026 06:03:23 UTC.

Why it matters

International stories like this one shape diplomacy, travel, energy supply and security decisions well beyond the country involved, which is why WorldPing tracks every update on it in one place.

What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Bitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC

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Sources

The original report was published by CNBC World. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CNBC World

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