Latest Update
2026-09-25 23:08 UTC

Bitget: Activates Bounty for Hack Fund Recovery

Bitget: Activates Bounty for Hack Fund Recovery

Bitget launches 5% bounty program after Circle and Tether freeze $318,000 USDT and USDC tied to Bitget Exploiter 8, with attacker addresses still holding over 63,000 ETH.

Source

Analysis

Bitget activated its Recovery Bounty Program offering 5% rewards for freezing attacker funds and another 5% for recovery following the hack, thanking Circle and Tether for blacklisting the Bitget Exploiter 8 address and freezing 218,023 USDT plus 99,990 USDC worth $318,000 at 05:00 UTC on September 25. Attacker-linked wallets retain more than 63,000 ETH that stablecoin issuers cannot touch. On the 4h chart ETH trades at $2694.51 inside the Bollinger Bands with upper resistance at $2715.74 and lower support at $2670.26; the EMA50 at $2669.98 and EMA200 at $2492.81 define the bullish structure while RSI at 51.03 stays neutral and MACD at 3.19 prints a death cross, pointing to a likely pullback toward the 50-EMA before any continuation.


Gracy Chen @Bitget

@GracyBitget

Former TV host turned #BGB hodler| World traveler ✈| CEO at @bitgetglobal🫡 | Writing daily #crypto insights with tips on personal growth and finance ✍️