Bitget CEO Expresses Concern Over Fund Recovery Post-Hack

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Bitget CEO Gracy Chen expressed limited optimism about recovering funds lost in a recent security breach. She referenced the 2025 Bybit hack as a benchmark, indicating that recovery rates in such incidents are typically low.

Key facts

• Bitget CEO Gracy Chen is not very optimistic about recovering all funds lost in a recent security breach.
• The 2025 Bybit hack was cited as a reference point for potential recovery rates.
• In the 2025 Bybit hack, only a small percentage of assets were frozen or recovered.
• The specific amount of Bitget's loss has not been detailed.
• The exchange has not publicly disclosed the exact value of stolen assets or the recovery timeline.