BitGet confirms hack details: $350M loss covered by $464M protection fund.

What we have confirmed, estimated funds affected approximately 350 million. That's a lot of fucking money. Cold wallets remain fully secure. Bitcoin bit get operates a three tier wallet architecture, the breach contained only a portion of the hot wallet and warm wallet layers, user funds are safe. The full amount of this loss falls within the coverage of bit gets user protection fund, which currently holds over 464 million. So they're backing user funds with $400 million. That's enough to cover the hack, I guess, but still pretty crazy. Still pretty crazy. And just another example of not your keys, not your coins. Like, if you don't want to do self custody for, which is a completely valid reason, you buy a ledger, they leak your information online. So what do you do? You go and buy a cold card, cold card gets hacked, you lose your money, and your information gets leaked online. You say, fuck this, I'm going to treasure. What does treasure do? They fucking leak your information online. So I completely understand not wanting to do self custody, because it's annoying, it can be complicated. There's there's tons of issues with custody and and KYC information getting leaked and all sorts of shit with crypto. I get it. But if you're not going to do self custody, this is a risk that you run by using an exchange, right? When it's not