Crypto

Bitget CEO Downbeat on Recovering Stolen Funds After $388M Breach

Guavy AI Editorial Team Published September 29, 2026

Instruments

BTC

Bitget CEO has expressed doubts about recovering funds from a significant breach that saw over $388 million drained from the platform.

The incident, which is still under investigation, occurred in April when an unknown individual exploited a vulnerability to steal large amounts of assets, including Bitcoin (BTC).

'I am not very optimistic,' said the CEO in a recent interview. 'The hacker was able to escape with nearly $388 million.'

The Wire

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