Bitget launches a $300 million audit protection fund

ChainCatcher news, cryptocurrency derivatives trading platform Bitget has launched a $300 million auditable protection fund to enhance compliance and transparency. The platform's protection fund is primarily composed of BTC, along with a small amount of ETH and USDT.

These funds are used to protect assets stored on the platform from hacking, theft, and other threats. Bitget has committed not to use these funds for at least three years and maintains publicly accessible wallet addresses. The fund has recently received support, currently totaling $300 million, and is stored in seven public wallet addresses to increase transparency. (Source link)