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Bitget CEO says $388M hack exploited third-party security vulnerability

Bitget CEO Gracy Chen said the crypto exchanges recent $388 million exploit stemmed from a vulnerability in a third-party security product that allowed the attacker to obtain “high-level internal credentials.”　　In comments to Cointelegraph, Chen said the attacker used those credentials to issue fraudulent withdrawal commands. Bitgets private keys were not compromised, and its cold wallets were not affected, she said.　　Bitget said it has since addressed the security flaw and tightened its withdrawal controls, including restricting internal access, adding independent verification for withdrawals and increasing monitoring for unusual activity.　　The attack occurred on Sept. 24, when Bitget detected unauthorized transfers from several of its hot wallets and temporarily suspended withdrawals. The exchange initially estimated that about $352 million in assets had been affected.　　Related: Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain　　Bitget has yet to disclose recovery figures　　The exchange has not disclosed how much of the stolen crypto has been recovered or frozen. Chen said some assets have been frozen with help from other industry participants, but Bitget would release a total only after verifying the amounts.　　Bitget had previously called on THORChain, a protocol for swapping assets between blockchains, to refuse services to addresses linked to the attack.　　The exchange said it

09-29انڈسٹری

Analyst Links 53 Robinhood Chain Tokens to One $18.4M Rug-Pull Ring

A single operation may have extracted at least $18.43 million from 53 memecoin launches on Robinhood Chain in just over two months, according to an onchain investigation by pseudonymous analyst Wazz.　　The alleged activity ran from July 10 through Sept. 21 and largely centered on Pons V2, a token launchpad on Robinhood Chain. Wazz linked the launches through wallet-funding patterns, shared collector addresses and, in several cases, private keys used across multiple launches.　　How the Alleged Scheme Worked　　Pons V2 normally imposes a 99% anti-sniping tax on purchases made immediately after a token launches, with the tax quickly falling toward zero.　　However, creators can exempt selected addresses from that mechanism.　　Onchain records reviewed by The Block showed creators of nine launches from late August onward exempting groups of roughly 15 to 25 wallets. Within seconds, bundled transactions bought most of each tokens available supply.　　The creator and exempt wallets ultimately controlled between 82% and 86% of supply in those launches.Linked token launches53Estimated extraction$18.43M+Operation periodJuly 10–Sept. 21Wallets used per launchUp to 70–200Supply captured in reviewed launchesUp to 86%　　The largest alleged extraction was CRUMBS at $3.12 million, followed by LEGS at $2.9 million and PINK at $1.44 million.　　Robinhood Chains Memecoin Boom Faces a New Test　　The allegations arrive during

09-29انڈسٹری

OKX US to sell USD trading bot positions if users miss Sept 30 deadline

OKX US plans to cancel open orders and trading bots left on affected dollar trading pairs when it retires those order books on Sept. 30. Positions in Grid and Smart Portfolio bots on the affected pairs will also be sold, the exchange says, making inaction potentially costly for traders using those strategies.　　According to the US customer notice, the corresponding USDC pairs have been available alongside the affected USD pairs since Sept. 23. Traders have until the migration to cancel open USD-pair orders, stop those bots and recreate them on the USDC pairs. Orders and bots created on the replacement pairs during the parallel window will keep running afterward.　　What the deadline changes　　OKX US says the old books will be retired between 3 and 4 a.m. Eastern time on Sept. 30, equivalent to 7 to 8 a.m. UTC. All remaining orders and bots or automated trades on affected USD pairs will be canceled. OKXs migration schedule says bots using those pairs may close gradually over that hour and the relevant USD pairs will be delisted at 8 a.m. UTC.　　Related Asset USDC USDC · Stablecoin　　The cancellation has different consequences for the positions behind different bots. OKX says it will sell positions in Grid

09-28انڈسٹری

Tether and Shiga plan self-custodial wallets for Africa and the GCC

Tether and Shiga have announced plans to bring self-custodial wallets for USD₮, Bitcoin, and Tether Gold to individuals and institutions across Africa and the Gulf Cooperation Council.　　Tether said in its Sep. 28 announcement that both products will use its open-source Wallet Development Kit, or WDK. Shiga will offer one product directly to users and another to institutions building payment and treasury services for their customers.　　The plan extends a relationship that began with Tether‘s investment in Shiga Digital in June 2025. At the time, crypto.news covered the investment and Shiga’s existing services for African businesses, including virtual accounts, foreign exchange, treasury management and over-the-counter transactions.　　Shigas ENTA will put three assets in user-controlled wallets　　Under the new plan, ENTA will serve individuals, high-net-worth users and businesses. Tether said customers will be able to add funds using local currency, U.S. dollars, or Bitcoin, then hold and transfer USD₮, Bitcoin and XAU₮ from self-custodial wallets.　　The funding options and the assets held in the wallet serve different roles. A customer adding local currency, for example, would use it to fund access to the supported digital assets; the announcement does not say that ENTA will hold local currency as a wallet asset. Tether also did not give

09-28انڈسٹری

Bitget had 30 minutes to contain its hack before $290 million started moving

Bitget detected unauthorized wallet transfers about 30 minutes before attackers began draining hundreds of millions of dollars from the crypto exchange, raising questions about why its security response failed to contain the breach.　　Related Company Bitget Trading platform for crypto products　　The exchange said its systems flagged unauthorized transfers at 18:31 UTC on Sept. 24 and that its security team immediately activated emergency protocols.　　However, blockchain security firm Hypernatives reconstruction of the attack shows that most losses came later: $87.6 million left hot wallets at 19:01, and another $202.8 million left warm wallets at 19:16.　　Those two bursts, completed in a combined 24 seconds, accounted for about three-quarters of the $387.5 million Bitget ultimately said was moved to attacker-controlled addresses.　　The sequence suggests Bitget had roughly half an hour after its initial alert to prevent the first major wave and about 45 minutes before the largest transfer burst. It also shifts scrutiny from how the attacker first gained access to how the exchange responded once its own systems indicated something was wrong.　　Hypernative said the attacker initially tested the compromised route at 18:31 with transfers of 0.84 ETH and 93 TRX to new addresses. After waiting about 28 minutes, the attacker moved $34.75 million of USDT

09-28انڈسٹری

Bitcoin ETFs Pull $2.39 Billion in Best Week Since October 2025

U.S. crypto ETFs delivered a powerful week of inflows for the week ending Sept. 25, led by $2.39 billion entering bitcoin funds. Ether funds attracted $689.88 million, while solana, XRP, zcash and HYPE ETFs all finished the week with net gains.　　Key TakeawaysBitcoin ETFs drew $2.39B from Sept. 21-25, their strongest week since Oct. 2025.Blackrock led as ether, solana, XRP, zcash, and HYPE also gained, broadening crypto demand.This week, markets will test whether ETF buying holds if bitcoin consolidates and macro pressure returns.　　Blackrock, Fidelity Drive $1.86B Into Bitcoin ETFs in One Week　　The remarkable part of last weeks bitcoin ETF rally was its persistence.　　Capital entered the funds every trading day, even as bitcoins price retreated from around $87,000 later in the week. Investors added exposure through the pullback, turning five consecutive sessions into the strongest weekly bitcoin ETF inflow since October 2025.　　Monday set the pace with $998.95 million, the largest single-day bitcoin ETF inflow of 2026 and the ninth-largest on record. On Tuesday, investors added $714.75 million. The pace cooled after that without breaking. Wednesday brought $346.98 million, Thursday added $190.65 million, and Friday finished with another $134.47 million pumped into bitcoin funds.　　Blackrock‘s IBIT dominated the weekly tally with $1.16 billion, while

09-28انڈسٹری

Why BingX strategy chief Kevin Lee says traders want 'The Whole Board'

Markets stopped behaving like separate worlds a while ago. A Federal Reserve decision can move Bitcoin, gold, the Nasdaq and the dollar within hours. A geopolitical shock can hit oil before spilling into currencies, equities and crypto. Traders may start with one view of the market, then find that the opportunity appears somewhere else entirely.　　SummaryBingX strategy chief Kevin Lee says traders increasingly want to act on opportunities across crypto and traditional markets from one account.BingX now offers more than 500 instruments across stocks, indices, commodities and forex alongside its crypto markets.Lee says unified capital, liquidity and execution matter more than simply adding more assets to an exchange.Traditional asset perpetuals can reduce account fragmentation, but derivatives, leverage and extended trading hours introduce their own risks.　　Kevin Lee argues that trading platforms are still catching up. The recently appointed Chief Strategy Officer at BingX spent more than 15 years working with exchanges in traditional finance before taking on his current role. Lees argument goes beyond instrument count.　　“The move was never opportunistic,” he said. “It was structural.”　　One macro view, multiple markets　　Bitcoin still has its own market dynamics. Lees point is that it now reacts more like a high-beta risk asset, especially when macro conditions

09-28انڈسٹری

California signs into law restrictions banning public officers from issuing crypto meme coins

California Gov. Gavin Newsom signed AB 2409 on Sept. 27, setting two restrictions on political meme coins. Covered California public officers and certain government employees will be barred from issuing them. Digital asset service providers face a separate limit on listing new official-linked coins for California residents.　　Related Law California Meme Coin Law (AB 2409) California · Enacted　　The enrolled bill makes an officials role central to both provisions. Its listing clause covers a coin offered by or in partnership with a federal public official or a state or local public officer, provided the coin was issued on or after Jan. 1, 2027. The January 1 date is a threshold for which newly issued coins fall under the provider listing rule.　　For the direct issuance ban, a California public officer includes elected and appointed state or local officers, legislators and members of government boards or commissions. Membership on a body with only advisory powers still falls within the definition. The employee category reaches state and local government workers with decisionmaking authority over procurement offers and contracts for their employer. An advisory-board appointee can fall within the officer category; an employees coverage depends on the contracting authority attached to the job.　　The bill defines “issue”

09-28انڈسٹری

Bitcoin dips below $83,000 to start the week as Asia markets sell, extending last week’s retreat

Bitcoin slipped below $83,000 during Mondays Asia session, moving beneath the lower edge of the $83,000 to $85,000 range reported late last week. BTC price sits around $82,953 at press time, down 1.79% over the preceding 24 hours. The intraday breach adds a fresh lower price to last weeks retreat from the $87,000 level.　　Related Asset Bitcoin #1 BTC · $83,241.49 24-hour change: down 1.43% Loading price history… 24H Down 1.43% 7D Down 3.36% 30D Up 6.85%　　CryptoSlates Friday market analysis discussed Bitcoins battle between roughly $83,000 and $85,000 after pulling back from near $87,000. A price around $83,400 would still have sat inside Fridays reported band. Early Monday trading took Bitcoin below its lower edge.　　Oil and yields rise alongside Bitcoins slide　　The wider market began Monday under pressure from oil and bonds. In early Asia trading, Reuters reported Brent crude futures rising 1.6% to $106 a barrel and the yield on 30-year U.S. Treasuries edging up to about 5.51%. Asian shares made a cautious start. Reuters linked the oil rise to doubts over a U.S.-Iran truce, a development that renewed inflation concerns. Higher yields raise the return available on government debt, adding to the pressure that risk-sensitive markets were navigating. Those shifts

09-28انڈسٹری

Ethereums next scaling leap may come from making everyone stop doing the same work

Ethereum co-founder Vitalik Buterin says advances in cryptography could turn decentralization from a performance cost into a scaling advantage for the network.　　Related Asset Ethereum #2 ETH · $2,675.65 24-hour change: down 0.45% Loading price history… 24H Down 0.45% 7D Down 2.56% 30D Up 9.42%　　In a Sept. 27 essay, Buterin described Ethereums long-term destination as a “cryptographic world computer,” an architecture in which computation and data can increasingly be distributed across different participants while compact proofs allow others to cheaply verify that the work was performed correctly.　　The shift would mark a departure from the traditional blockchain model in which every node downloads transactions and repeats much of the same computation. Instead, Ethereum could push more work across a wider network of specialized participants without requiring every validator to reproduce it, potentially allowing decentralization itself to contribute to performance.　　Related Person Vitalik Buterin Co-Founder · Ethereum　　“Perhaps the most important shift” is that decentralization is moving beyond being a burden accepted for safety and robustness and can, in limited cases, become a performance strength, Buterin wrote. Distributed networks can store larger quantities of data and run more computation in parallel, including work around the transaction mempool.　　That revives one of Ethereums earliest ambitions. Developers in

09-28انڈسٹری

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