Bitget reports limited recovery following $388 million hack

Bitget has recovered only a small fraction of the $387.5 million stolen during last week's security breach. The exchange CEO confirmed that the firm does not expect to recoup a significant portion of the lost funds. The company has restored the majority of its user protection fund to maintain liquidity and platform stability. The hack remains under investigation as the exchange works to secure its remaining assets. Monitor further updates regarding the investigation and any potential impact on the exchange's operational reserves.