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Bitget Moves $169M in BTC to Hot Wallet After Reopening Withdrawals

Guavy AI Editorial Team
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Bitget has transferred 2,042.28 Bitcoin (BTC), worth approximately $169 million, to its hot wallet after reopening BTC withdrawal channels. This move is part of a protection fund that Bitget had set aside to handle potential withdrawals.

The transfer was made in batches from a reserve of 5,500 BTC, with the remaining 3,457.72 BTC still on-chain. It's essential to note that the amount moved does not represent the confirmed volume of BTC withdrawn by customers.

Bitget's reopening of BTC withdrawals and the movement of the reserve signify the latest stage in restoring access to the asset for users.

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