Bitget: Losses Covered by Protection Fund, Fund Holds 5,500 BTC Worth Approximately $464M Bitget's official account tweeted an update about the protection fund. The fund holds 5,500 BTC, worth approximately $464 million at current prices. All wallet addresses are publicly available and can be verified on-chain at any time. The fund is specifically designated to address platform-level threats like cybersecurity incidents, ensuring the protection of user assets. Bitget stated that, after evaluation, the losses caused by the recent hot wallet incident will be covered by the protection fund, and the fund will be replenished. Further details and compensation terms will be announced separately.