Bitget freezes only $1.1M of $388M stolen in hack

Crypto exchange Bitget has frozen roughly $1.1 million of the nearly $388 million stolen in last week's cyberattack. CEO Gracy Chen told CNBC she does not expect to recover much, and said the exchange restored its Protection Fund to over $300 million using its own capital.

• About $1.1M frozen out of $388M stolen
• Protection Fund restored from under $200M to over $300M
• Attackers breached two third-party security products, one via zero-day
• BTC, ETH and USDT withdrawals resumed; other assets due Friday