Hold up, they’ve said their insurance fund and treasury has enough to cover the lost assets, so why would the exchange also need a bridge loan? It’s cheaper to payout than to payout AND pay interest. And if you already have the funds then that’s also quicker than a large bridge loan… Can’t think of why they’d need that unless they don’t actually have the amount covered? In which case, just say “we have X covered and are taking a loan for Y to cover the remainder”