Gracie Chen, managing director of BitGet, commented through X Post that the rumors of the exchange’s insolvency and the resignation of several key executives were not true.
On January 10, several users of
As rumors questioning the financial stability of Bitget, a cryptocurrency exchange and web3 company, spread widely, the company’s managing director Gracie Chen completely denied these claims.
Especially amid uncertainty and speculation regarding the future of Bitcoin ETFs, Chen’s statement appears intended to reassure Bitget’s users and the broader cryptocurrency community that the exchange is still accepting payments.
“Everything is working well at Bitget. “Our funds are safe and our entire team is hard at work preparing for the next bull market.”
Chen said he addressed the concerns head on.
Chen’s remarks highlight the company’s recent growth, particularly its push toward more human resources.
“Due to recent growth, we now have over 100 positions vacant, including some senior and management roles.”
Bitget Managing Director Gracie Chen
The need for new hires, particularly for senior and management positions, appears to reflect Bitget’s readiness to capitalize on the next market rally related to the recent approval of the Bitcoin ETF.
In conclusion, Chen encouraged a positive outlook with a focus on BUIDL rather than giving in to market fears. “Less FUD, more BUIDL,” she argued, echoing what Binance’s former CEO Changpeng Zhao often said.
Bitget representative Karina Krupenchenkova confirmed Chen’s remarks.
Bitget bankruptcy rumors
The claims spread after @MMCrypto, an
User Users’ anxiety seems to have eased after Chen’s post dispelled the rumors.
Bitget reveals proof of reserves
Prior to this, Bitget released its latest PoR (Proof of Reserve) report on January 10, showing that the reserve ratio reached 175%. As of January 8, Bitget’s total holdings, including holdings of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDT, and USDC, exceeded $1.8 billion.