Bitget has started replenishing its protection fund, according to on-chain analyst Ai Yi (@ai_9684xtpa), with the fund now back to $200 million. Over the past two hours, 2,000 BTC, valued at about $166 million based on the figures cited in the report, were transferred from a Bitget cold wallet to the protection fund address. The latest on-chain balance at that address stands at 2,484.71 BTC, worth $206 million. The update indicates that Bitget is carrying out its earlier pledge to restore the fund to $300 million within one week. The figures were reported by BlockBeats on Sept. 30.
Bitget has begun replenishing its protection fund, which has now returned to $200 million, according to on-chain analyst Ai Yi (@ai_9684xtpa), BlockBeats reported on Sept. 30.
Over the past two hours, 2,000 BTC were transferred from a Bitget cold wallet to the protection fund address. Based on the figures cited in the report, the transfer was worth about $166 million.
The latest on-chain balance at the address stands at 2,484.71 BTC, valued at $206 million. The move shows Bitget is following through on its earlier commitment to restore the fund to $300 million within one week.
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