Bitget said it had launched a recovery bounty program for stolen funds
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Bitget said it had launched a recovery bounty program, with separate rewards for freezing and recovering funds of 5%。
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Bitget Launches a bounty program for recovering stolen funds: separate rewards for freezing and recovering funds 5%
PANews September 26 news,Bitget CEO Gracy Chen said on X,Bitget the recovery bounty program is now live: those who help freeze the attacker’s funds can receive a 5%reward, while successful recovery of the funds earns an additional 5%reward. She called on exchanges, security researchers, and on-chain investigators to participate in tracking and recovery efforts, and thanked Circle and Tether for promptly taking freezing measures. PANews previously reported that Circle and Tether had frozen Bitget from attack-related addresses, 218,023 units USDT and 99,990 units USDC, totaling approximately 318000 USD。Bitget said the attack caused approximately 351600000 USD in losses. The attacker compromised the wallet service’s backend system, falsified transfer information, and triggered the authorization signature process; private key leakage has been ruled out.
Bitget CEO Gracy Chen said on X,Bitget the recovery bounty program is now live.
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Helping freeze the attacker’s funds earns a 5%reward, while successfully recovering the funds earns an additional 5%reward.
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Circle and Tether have frozen the following amounts in the relevant addresses: 218,023 units USDT and 99,990 units USDC, totaling approximately 318000 USD。
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Bitget said the attack caused approximately 351600000 USD in losses.
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Bitget said the attacker compromised the wallet service’s backend system, falsified transfer information, and triggered the authorization signature process; private key leakage has been ruled out.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Bitget said that people who assist in freezing or recovering the stolen funds may receive corresponding amounts as 5%rewards. Some USDT and USDC in the relevant addresses have been frozen, but the final amount of funds that can be recovered has not yet been disclosed.
Why it matters to readers
The program may attract exchanges, security researchers, and on-chain investigators to participate in tracking efforts; current information confirms only partial frozen amounts and cannot be used to confirm the final recovery result.
This is a recovery arrangement for a crypto-asset theft incident, focusing on the reward ratios for freezing and recovering funds.
Risks and unknowns
The actual recovered amount and the arrangements for ownership of the recovered funds have not yet been disclosed.
The materials do not state whether the bounty has already been paid.
The claims concerning the attack losses, attack process, and the ruling out of private key leakage are all Bitget claims.
The subsequent status of the freeze, recovery, user compensation, and resumption of withdrawals is unknown.
消息由BlockBeats转述，所附原文链接的具体内容未在证据中展开。
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recovery bounty program
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