Bitget CEO Gracy Chen stated she is “not very optimistic” about recovering the $388 million stolen in the exchange’s security breach. Bitget launched a bounty program offering 5% of frozen funds and 5% of recovered funds. The NEAR Intents team reported blocking more than $50 million in assets tied to the attack and freezing approximately $500,000. Stablecoin issuers Tether and Circle blacklisted a wallet linked to the exploit, freezing $318,013 in USDT and USDC. Bitget resumed withdrawals in stages, starting with Bitcoin on Monday and Ethereum on Tuesday, while North Korea remains a suspected culprit based on preliminary investigation findings.
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