• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Bitget

Bitget Exec Shuts Down Insolvency Rumors, Says Funds Are ‘Safe’ – Details

Christian Encila
by Christian Encila
1 year ago
·
Posted in Crypto News, News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amidst swirling anxieties in the cryptocurrency space, particularly concerning Bitcoin ETFs and exchange stability, Bitget, a prominent web 3 and cryptocurrency exchange, has stepped forward to categorically deny rumors of insolvency and the alleged disappearance of key executives.

Related Reading: Bitcoin ETF: Navigating The Promise And Pitfalls Of Mainstream Adoption

Bitget Exec Addresses Community Concerns

Gracy Chen, Bitget’s managing director, took to X, a social media platform popular in the crypto community, to address these concerns head-on, offering a message of reassurance and highlighting the company’s recent growth trajectory.

Chen’s statement came in response to a flurry of unsettling claims on X, fueled by an influential user known as MMCrypto.

Citing information from various sources, MMCrypto raised concerns about the crypto exchange’s financial health and encouraged users to consider withdrawing their funds, emphasizing his intention to avoid spreading fear, uncertainty, and doubt (FUD).

However, Chen’s swift rebuttal painted a contrasting picture. “Everything at Bitget is working well,” she asserted, adding that “funds are safe, and the whole team is diligently preparing for the next bull run.”

Waiting for the good news about #BitcoinETF, then FUD comes again? 😂

Everything at #Bitget is working well. Funds are safe and the whole team is working hard to prepare for the next bull run. Thanks to our recent growth, we now have over 100+ positions open, including some…

— Gracy Chen @Bitget (@GracyBitget) January 10, 2024

Further bolstering this stance, Chen pointed to the crypto platform’s recent expansion, highlighting the opening of over 100 new positions, including crucial senior and management roles.

This recruitment drive, she suggested, reflects the company’s confidence in its future and readiness to capitalize on potential market surges linked to Bitcoin ETF approvals.

In a bid to foster a positive outlook, Chen concluded her statement with a resounding call for “BUIDL,” a popular crypto community mantra advocating for long-term building and development over succumbing to fleeting anxieties.

Bitget (BGB) currently trading at $0.61695 on the daily chart: TradingView.com

Bitget Affirms Stability Amid Community Rumors

This sentiment echoes the “FUD less, BUIDL more” philosophy previously championed by Binance’s former CEO, CZ.

Bitget’s official stance was further corroborated by Karina Krupenchenkova, a company representative, who confirmed Chen’s statement as the company’s definitive position on the rumors.

While Chen’s words offer a calming perspective, it’s crucial to acknowledge that the situation remains shrouded in some uncertainty.

As I did promote Bitget in the past I feel it’s my responsibility to share the most recent information I got from different sources.

Please understand that I don’t want to make FUD and that nothing is confirmed. I however think that it may be smart to withdraw your funds, if… pic.twitter.com/4N2G2nFvJB

— MMCrypto (@MMCrypto) January 10, 2024

MMcrypto, while expressing relief after Chen’s statement, reiterated the need for further clarification from Bitget employees.

Related Reading: Is Peter Schiff Right? Bitcoin ETF Approval Hype May Lead To Market Disappointment

Featured image from Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Crypto

Crypto ATM Scams In Arizona Face Incoming Crackdown – Details

12 hours ago
Best Altcoins to Buy as Options & Derivatives Push Bitcoin Toward $10T Market Cap

Best Altcoins to Buy as Options & Derivatives Push Bitcoin Toward $10T Market Cap

16 hours ago
Breakout signaal op XRP charts - Gemini en Chatgpt voorspellen Augustus pump

Gemini AI voorspelt: XRP, Shiba Inu en Solana koers pump in oktober

17 hours ago
Solana Staking ETFs Could Be Approved in 2 Weeks – Why $SNORT Could Be the Biggest Beneficiary

Solana Staking ETFs Could Be Approved in 2 Weeks – Why $SNORT Could Be the Biggest Beneficiary

17 hours ago
Bitcoin’s Global Adoption Will Explode Soon, With Bitcoin Hyper’s $18.6M Making Massive Gains

Bitcoin’s Global Adoption Will Explode Soon, With Bitcoin Hyper’s $18.6M Making Massive Gains

16 hours ago
Bitcoin

Bitcoin, Ethereum, And Dogecoin Suffer Beatdown, But These Factors Say Get Ready For A Bounce

1 day ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    3 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    5 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    6 days ago
  • Snorter надхвърли $4 милиона след...

    7 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.