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Bitget Wallet COO Alvin Kan has called for clearer transaction permissions and wallet recovery controls following Bitget Exchange’s reported $387.5 million breach, saying direct ownership must come with safeguards users can understand. Alvin Kan, chief operating officer of Bitget Wallet,…
News
Protocols and services used to move funds stolen from Bitget have collected $761,725 in fees during the laundering process, while an independent researcher has traced $259,718 in THORChain affiliate fees to recipients with additional financial links to wallets involved in…
News
Chainalysis has used its in-house AI to cut more than 20 hours of manual bridge reconciliation to under 10 minutes while investigating the $387 million stolen from Bitget. Chainalysis said in its Oct. 1 report that investigators built custom automation…
Recap
In this week’s edition of the weekly recap, Bitcoin struggled to hold its rebound as U.S. ETF buying returned, Bitget restored major-asset withdrawals after its $387.5 million breach, and Chainlink outlined banks’ access to Swift’s blockchain ledger. Bitcoin retreats as…
News
BlockSec traced Bitget’s $387.5M theft into Bitcoin, THORChain and CoinJoin, while only about $840,000 has been publicly frozen.
News
Bitget has restored BTC, ETH and USDT withdrawals after its $387.5M hack, with P2P and remaining services set to reopen Friday.
News
THORChain is being asked to block stolen funds. Why isn’t the same demand being made of the blockchains carrying them? Bitget has every reason to pursue the people behind its recent hack and recover the money. The exchange now puts…
News
NEAR Intents says it blocked over $50 million in Bitget-linked transfers as THORChain defended its policy against selective freezes.
News
A wallet linked to the Bitget hacker has swapped about $6.3 million in ETH for Bitcoin through THORChain after the network rejected the exchange’s request to block addresses tied to its Sep. 24 breach. According to CoinDesk’s review of THORChain…
Feature
Bitget has asked THORChain to refuse addresses linked to a $387.5 million wallet breach. THORChain says its emergency halt is for protecting the network, not selectively freezing a user’s swap. The two positions expose different kinds of control: an issuer…
News
Bitget has reopened BTC withdrawals after its USD 388 million hack, with ETH, USDT and other services scheduled to return through Oct. 2.
News
THORChain has defended its permissionless design after Bitget asked the cross chain protocol to refuse service to addresses tied to the exchange’s $387.5 million security breach, opening a dispute over whether its network should block known stolen funds. THORChain said…
RUNE
THORChain
News
AMLBot traced about 4 BTC linked to the Bitget hack into Wasabi CoinJoin after swaps through USDT0, Ethereum and THORChain.
News
Bitget has launched a recovery bounty offering 5% for freezing stolen assets and another 5% for recovering them after an attack it initially valued at $351.6 million. Bitget CEO Gracy Chen announced the bounty on X and called on exchanges,…
News
Bitget has set a Sep. 28 restart for Bitcoin withdrawals after a Sep. 24 security incident, with Ether, USDT, and other withdrawal services scheduled to follow through Oct. 2. Bitget said in an update that its technical team had identified…
Recap
In this week’s edition of the weekly recap, Bitcoin reached an eight-month high above $87,000 before pulling back, the Federal Reserve proposed rules for U.S. stablecoin issuers, and Bitget suspended withdrawals after a $351.6 million wallet breach. The developments led…
