Bitget Expands Prohibited Countries List to Include Russia, Belarus, and Kazakhstan
- On Oct. 16, Bitget updated its Terms of Use, adding Russia, Belarus, and Kazakhstan to its prohibited countries list.
- The exchange also bars users from the US, Canada, France, Germany, Japan, and several other jurisdictions.
- This update follows a security incident where approximately $351.6 million was withdrawn unauthorized from Bitget.
- Bitget stated that losses were covered by a user protection fund exceeding $464 million.
- CEO Gracy Chen indicated potential links to North Korean hackers in the recent attack.
The expanded restrictions are part of Bitget’s ongoing efforts to enhance security and compliance following significant asset loss due to a cyber incident. The platform reserves the right to add more jurisdictions to this prohibited list at its discretion.
With the addition of these countries, Bitget continues to navigate regulatory challenges while maintaining user protections after experiencing substantial unauthorized withdrawals.(Source)
