After reading the official statement of Bitget's theft: 1) Excluding "forged user withdrawals" and "private key taken directly", the qualitative approach is closer to "withdrawal operations after internal system intrusion"; 2) XRP is the largest single stolen asset, with a large amount of stablecoins being exchanged for ETH; 3) For the sake of fund security, the withdrawal function is temporarily closed and will be restored in an orderly manner after the security verification is completed. Law enforcement agencies and on chain security agencies have been notified to intervene in the investigation. Provide an approximate time window for withdrawal recovery (hours to days) 4) User fund security. The loss amount this time is completely within the coverage of the Bitget User Protection Fund, which currently has a size of over $464 million. Recalling that Bybit was stolen $1.5 billion at the beginning of last year, Bitget immediately transferred 40000 ETH to Bybit to assist in its emergency response. Afterwards, Bybit boss Ben said that Bitget was the first to help, and this loan was unsecured, interest free, with no fixed repayment term, and even the contract was not signed. At that time, the core of being able to do so was still having sufficient reserves and liquidity. The real difficulty of an exchange is not that nothing has ever happened, but whether users' assets can be held and disclosed in a timely manner after the incident. From the current perspective, the security of user funds should be clear. I believe Bitget can also overcome the difficulties this time. Let's see the complete accident report and the pace of withdrawal recovery later.