Bitget Status Update Notice

Hello, PLEXUS team here.

As previously announced, we would like to update you on the situation following the hacking incident.

After the hacking incident, the PLEXUS team requested Bitget to halt trading approximately 40 minutes later. However, due to Bitget's delayed response, losses were incurred. Consequently, Bitget requested that the PLEXUS team compensate the losses in USDT. They indicated that if the PLEXUS team did not handle the compensation, Bitget would manage it independently.

Unfortunately, the PLEXUS team lacks the capacity to address this issue directly. We proposed compensating with newly issued PLX tokens as the best ethical solution we could offer, but Bitget rejected this proposal.

Additionally, Bitget refused to exchange the PLX tokens that users previously held and unilaterally suspended trading.

Thousands of users have requested exchanges for the PLX tokens they hold on Bitget. We are striving to communicate effectively and bring you positive news.

The newly issued PLX tokens are scheduled to be launched in August alongside the launch of the Cross-chain Vault service. They will be listed on a new CEX, providing users with a seamless trading environment. We apologize for the concern and worry caused.

Thank you.