Changpeng Zhao Offers Support to Bitget After $388 Million Hack: A Rival's Unexpected Gesture
5 Articles
5 Articles
Changpeng Zhao Offers Support to Bitget After $388 Million Hack: A Rival's Unexpected Gesture
Binance founder Changpeng Zhao offered to help rival Bitget recover from a $388 million hack, but the pledge named no amount, no assets, and no deadline. Whether this reflects genuine industry solidarity or a calculated move to protect Binance's own interests is a far more complicated question.
Changpeng Zhao Offers Support to Bitget After $388 Million Hack: A Rival’s Unexpected Gesture
The post Changpeng Zhao Offers Support to Bitget After $388 Million Hack: A Rival’s Unexpected Gesture appeared first on 24/7 Wall St.. On September 25, 2026, Changpeng Zhao, founder of Binance, said Binance and the BNB Chain ecosystem behind BNB (CRYPTO:BNB) would extend support to Bitget after…
According to ChainCatcher, Binance Co-CEO Richard Teng stated that since the Bitget security incident, Binance's security team has been working closely with Bitget to share security intelligence, track related funds, and support asset recovery efforts. Richard Teng added that in such security incidents, the crypto industry will unite to combat attackers, and this assistance is ongoing.
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