TechFlow reports that on November 7, Bitget released the latest data for its Protection Fund in October. The data shows that the fund reached a maximum size of $388.5 million on October 29 and a minimum of $337.9 million on October 12, with an average size of $357.2 million. Throughout October, the fund's规模 remained consistently above $330 million. These assets are stored in publicly accessible addresses, allowing users to track and verify them in real time.
Bitget launched its Protection Fund in August 2022 with an initial规模 of $200 million, aiming to safeguard user assets in cases of force majeure events, hacking incidents, or extreme market conditions. In November 2022, Bitget increased the fund's规模 to over $300 million and committed to maintaining its value above $300 million over the following three years.
