$463M Flows Out of Bitget After $388M Hack

Following last week's massive $388 million hack, crypto exchange Bitget has seen a significant outflow of funds, with approximately $463 million in net withdrawals over the past 24 hours.

According to Gracy Chen, CEO of Bitget, these 'stabilizing flows' indicate that users are moving their assets off the platform. This is likely due to the security breach and resulting loss of customer trust.

The hack occurred last week, but it seems that investors are only now reacting by withdrawing their funds from Bitget. The exchange's handling of the situation remains unclear, although Chen's comments suggest a focus on stabilizing user confidence.