Crypto Industry Unites to Support Bitget After Massive Hack

A recent hack of Bitget, a leading unified exchange (UEX), has resulted in losses of $387.5 million.

The exchange's CEO, Gracy Chen, made an urgent request to THORChain to refuse services from blocked addresses linked to the hack.

Major crypto institutions, including Bybit and Binance, have rallied behind Bitget to help recover the compromised assets.

Bybit CEO Ben Zhou stated that his team has updated their Lazarus bounty program to monitor the movement of the hacked funds and eventually capture the perpetrator.