Bitget's Alliance Program Sees $1.9M Reward Pool After $387.5M Hack

Bitget, a Seychelles-registered cryptocurrency exchange, has seen its Alliance Program reward pool grow to over $1.9 million in just three days. The program was introduced after a massive security breach on September 24, 2026, which resulted in a loss of $387.5 million.

The Alliance Program is a way for Bitget to keep users on the platform and rebuild trust after the hack. The program works by putting 30% of the platform's trading fee revenue into a reward pool, which is then distributed to eligible users in the form of Tether (USDT).

The program has been well-received by users, with the reward pool growing rapidly. Bitget's CEO, Gracy Chen, described the Alliance Program as 'our way of saying thank you' to users for their loyalty.