Bitget ‘gradually back to usual’ as protection fund reaches $309M

Crypto Insight Summary: Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 “absorbed the financial impact of the incident“ that resulted in $388 million in user losses. Crypto Insight Analysis: Direction: Bullish GT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Protection fund restoration boosts user confidence in Bitget, but limited broader market impact.