Bitget Sees $463 Million in Outflows Following $388 Million Hack
Summary
Bitget recorded about $463 million in net outflows in the 24 hours before Tuesday, as it began restoring withdrawals after a $388 million hack. The outflow was the largest one-day total recorded by DeFiLlama since it began tracking proof-of-reserves data four years ago.
The decisive fact is that withdrawals exceeded the stolen amount, showing that the hack triggered
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The incident shows how a crypto hack can become a liquidity crisis when customers doubt an exchange's ability to safeguard funds.