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.