Head of Bitget's Chinese-Speaking Region: Withdrawals Will Resume as Soon as All Risks Are Ruled Out
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AT A GLANCE
Bitget said it will resume withdrawals after ruling out all risks, but has not yet provided a specific timeline.
Article
Xie Jiayin: Bitget will resume withdrawals as soon as all risks have been ruled out
BlockBeats news,September 25, Xie Jiayin, head of Bitget's Chinese-speaking region, stated in a post that the circumstances and handling methods differ for different security incidents involving theft. Bitget will resume withdrawals as soon as all risks have been ruled out and hopes users will give the platform sufficient time to complete its security review.
Xie Jiayin said that Bitget has operated for 8 years without ever misappropriating user assets, and that the user protection fund has remained above 2022 since its establishment in 300000000 USD years, to guard against black swan events. The platform is not concerned about users withdrawing funds; rather, out of prudence regarding market and security risks, it chose to temporarily suspend withdrawals.
Original link https://m.theblockbeats.info/flash/368966
Key points
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September 25, Xie Jiayin, head of Bitget's Chinese-speaking region, stated in a post that Bitget will resume withdrawals as soon as all risks have been ruled out.
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Xie Jiayin said Bitget temporarily suspended withdrawals out of prudence regarding market and security risks.
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Xie Jiayin said Bitget has never misappropriated user assets during its 8 years of operation.
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Xie Jiayin said that the user protection fund has remained above 2022 since its establishment in 300000000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Bitget has temporarily suspended withdrawals. Its representative said the platform must first complete a security review and rule out all risks before restoring user withdrawals, but the source did not provide a specific resumption time.
Why it matters to readers
The resumption of withdrawals depends on the results of the security review, and it remains unclear when users will be able to transfer out their assets normally.
If you hold assets on Bitget, monitor when the platform announces the review results and resumes withdrawals.
Risks and unknowns
The source did not specify the cause, scope of impact, or losses associated with the security incident.
The source did not specify when withdrawals will resume.
The statements that user assets have “never been misappropriated” and regarding the size of the user protection fund are Xie Jiayin's claims; the source provided no independent verification materials.
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Withdrawal
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