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 Circle and Tether froze approximately $318,000 in stablecoins (218,023 USDT and 99,990 USDC) held in a wallet labeled “Bitget Exploiter 8” on Etherscan, linked to Thursday’s $351.6 million Bitget exchange hack. The frozen assets represent a small fraction of the total haul; blockchain analytics firm MistTrack confirms other exploiter addresses still hold over ...
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 ...