Bitget Announces Acquisition of Thai Crypto Exchange

• Bitget plans to acquire GMO-Z.com Cryptonomics, a Bangkok-based digital asset exchange, to expand in Thailand.
• The acquisition follows a $388 million hack on Bitget.
• The deal will be executed through BTGT Management (Thailand) Ltd.
• The acquisition aims to provide Bitget with a locally licensed operator in Thailand's crypto market.
• The acquisition is part of Bitget's strategy to expand its presence in the Southeast Asian market.