Key Highlights: THORChain swap fees and revenue dropped 82% below the highs recorded during late September, when illicit flows linked to the Bitget security breach artificially drove up volume. Capital movements from the Bitget exploit accounted for approximately 57% to 63% of THORChain’s total September trading volume and protocol income. The network increased its active ...
Key Highlights Bitget Wallet Chief Operating Officer Kan emphasized that digital asset custody risk centers on “blast radius,” distinguishing the unaffected self-custodial service from centralized exchange pooled systems following Bitget’s revised $387.5 million security breach. European regulator ESMA is preparing a comprehensive crypto custodian resilience review spanning 2026 to 2027 to scrutinize key storage, operational ...
Key Highlights: Attackers from the Bitget security incident are moving stolen funds across chains using THORChain, according to SlowMist’s MistTrack platform. Bitget CEO Gracy Chen formally requested THORChain reject transactions from identified attacker addresses, arguing decentralization should not shield illicit fund flows. THORChain responded that its permissionless design mirrors Bitcoin and Ethereum, questioning how much ...
Key Highlights Bitget confirmed a Sept. 24 wallet breach that transferred approximately $387.5 million in assets to attacker-controlled addresses, affecting hot and warm wallet layers while cold wallets remained secure. Sygnum Bank’s Protect service offers Bitget institutional clients an off-exchange custody route where pledged collateral—including Bitcoin, Ethereum, stablecoins, and U.S. Treasuries—is held in segregated, bankruptcy-remote ...
Key Highlights Crypto exchange Bitget confirmed a $351.6 million security breach involving multiple hot wallets Attackers moved stolen assets across chains and converted stablecoins into Ethereum through rapid transactions The breach represents one of the largest exchange hot wallet compromises in recent crypto history Bitget Confirms Major Hot Wallet Security Breach Cryptocurrency exchange Bitget has ...
Key Highlights Bitget confirmed a $351.6 million exploit from its hot wallets on September 24, 2026, with on-chain data showing the first unauthorized transfer at 18:31:11 UTC and major outflows continuing for nearly three hours before the public notice. The attacker rapidly converted freezable stablecoins (USDT, USDC, Tether Gold) into ether via a router contract, ...
Key Highlights Cryptocurrency exchange Bitget detected unauthorized transfers from hot wallets totaling approximately $351.6 million on September 24, 2026, at 18:31 UTC. Cold wallets remain secure and the loss is fully covered by Bitget’s User Protection Fund, which holds over $464 million in assets. Withdrawals are temporarily suspended as a precaution; deposits and trading continue ...
In this exclusive interview we have the privilege with Gracy Chen, CEO of Bitgetto speak that shares your knowledge about some of the most pressing questions with us today. Gracy offers a comprehensive view of the developing crypto landscape from forecasts from Bitcoin to 2025 and 2030 to Bitget’s future ambitions and security measures. We ...