The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains.

Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.

Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered as investigators continue to assess a possible North Korea link.