Drift’s Stalled Recovery Raises Fresh Doubts Over Bitget’s $388M Loss

Bitget 'not expecting to recover a lot' from $388 million hack: CEO | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting

Approximately $1.1 million of the nearly $388 million stolen from crypto exchange Bitget in last week’s cyberattack has been frozen, as the platform continues efforts to trace and recover the assets. Frozen assets had not necessarily been returned to the exchange, CEO Gracy Chen told CNBC in an email interview. She did not disclose how […] Thank you for subscribing to our RSS feed!

Drift’s Stalled Recovery Raises Fresh Doubts Over Bitget’s $388M Loss

TL;DR: Total Amount Stolen: Bitget raised its final loss estimate to $388 million following the cyberattack recorded last Thursday. Stalled Precedent: Drift Foundation confirmed this Wednesday, September 30, that the vast majority of the $295.4 million stolen on April 1, 2026, remains unrecovered....

Drift's stalled recovery backs Gracy Chen's doubt over Bitget's $388M

Bitget CEO Gracy Chen has said she does not believe the $388 million stolen from her company will be recovered. Chen’s pessimism was reinforced today when Drift Protocol, more than six months on from its exploit, remains unable to recover most of the looted funds.  Currently, the funds are still being laundered through Tornado Cash. ...