Bitget CEO Gracy Chen Confirms All ETH Transfers to Bybit Were Platform Funds Amid Ongoing Security Measures

On February 22, Bitget‘s CEO Gracy Chen addressed concerns surrounding the recent fund transfers, clarifying that the Ethereum (ETH) assets moved to Bybit comprised only the platform’s internal resources. In light of ongoing issues within the crypto sphere, Bitget is actively involved in tracing and probing the stolen assets, showcasing its commitment to user security. Furthermore, Chen reassured clients that all user funds remain securely stored within the platform‘s infrastructure. To enhance transparency, Bitget issues a Proof of Reserves (PoR) report on a monthly basis, aimed at maintaining a reserve ratio exceeding 1:1. This initiative underscores the exchange’s dedication to safeguarding the assets of its users amid a turbulent environment.