Bitget Rolls Out $200M ‘Protection Fund’ to Safeguard User’s Crypto

Crypto derivatives exchange Bitget said Sunday it has launched a new fund designed to safeguard against hacks and theft — a bid to lift the industry’s image after crypto’s recent downturn. The exchange’s $200 million-plus “Protection Fund,” which consists of 6,000 BTC ($140.2 million) and 80 million USDT, is an attempt to quell security concerns and boost investor confidence, Bitget said.

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