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Bitget loses ~$388M in backend wallet exploit; withdrawals suspended
Al Jazeera AR·US · SG·3 days ago
Bitpanda reported a post-tax loss of ~€14M for FY2025 despite higher revenue, reversing a €61.7M profit in 2024. The swing suggests rising costs or impairments amid crypto market volatility. This signals potential stress in crypto exchange profitability, though the firm's scale limits broader market impact.