Wire · operational-macro
Bitget's $388 Million Hack Could Consume 84% of Its Protection Fund
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Fusion42 · 26 September 2026 · Fusion42 review
Bitget increased its estimated stolen assets from a hack to $387.5 million, representing about 84% of its User Protection Fund. Efforts to freeze and recover assets are underway, but the incident could challenge the fund's ability to cover losses and restore full customer withdrawals promptly.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 6 sources have reported it between 24 Sep 2026 and 1 Oct 2026.
◆ ◆ The Wire takeaway
Your crypto exchange just faced a major breach draining most of its protection fund, putting pressure on its ability to cover losses and maintain customer trust. Act fast to evaluate your exposure and tighten wallet security or risk becoming the next target.
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6 sources · first reported 24 Sep 2026 · latest 1 Oct 2026
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