Highlight Clip: Bitget CEO: If Bybit Can Withstand a $1.5B Loss, We Can Withstand a $300M+ Loss

Bitget CEO: If Bybit Can Withstand a $1.5B Loss, We Can Withstand a $300M+ Loss

On September 24, roughly $350 million was stolen from Bitget. CEO Gracy Chen said the exchange could absorb the loss and handle a potential bank run when withdrawals resume. She said Bitget's retail trading volume is comparable to Bybit's, arguing that if Bybit could absorb a $1.5 billion loss, Bitget could absorb a $300 million-plus loss. Some public chains have frozen stolen funds, and recovery efforts are underway, though Chen does not expect a full recovery. — link