Bitget CEO not optimistic about freezing, recovering $388M in hacked funds

Bitget CEO Gracy Chen said Chen is not optimistic about the chances of freezing and recovering funds from a recent $388 million hack, according to Cointelegraph. Citing Bybit’s $1.5 billion hack last year, Chen said that after about a year, only around 3.5% of the stolen funds had been frozen, and none of that had actually been recovered. Bitget is offering separate 5% bounties to parties that help freeze and recover the stolen funds.