TechFlow news — On December 4, Bitget released the latest data for its Protection Fund in November. The data showed that the fund reached a peak of $410.37 million on November 16 and a low of $389.36 million on November 1. The average size of the fund was $401.31 million, representing a 12% increase from the previous month and surpassing its historical high. These assets are stored in publicly verifiable addresses, allowing users to track and verify them in real time.
Bitget launched its Protection Fund in August 2022 with an initial size of $200 million, aiming to safeguard user assets in cases of force majeure events, hacking attacks, or extreme market conditions. In November 2022, Bitget increased the fund's size to over $300 million and committed to maintaining the fund's value above $300 million over the next three years.
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