Bitget

THORChain has rejected calls to block addresses linked to Bitget's September 24 exploit, defending its permissionless architecture as criticism mounts over whether its validator-controlled vaults make the protocol comparable to Bitcoin or Ethereum. Bitget has now confirmed approximately $387.5 million was transferred to attacker-controlled addresses during the wallet breach, up from its initial $351.6 million estimate after additional Zcash and TRON transactions were classified. Bitget CEO Gracy Chen publicly asked THORChain to refuse service to the identified addresses, writing that…

Bitget has confirmed approximately $351.6 million in unauthorized transfers from portions of its wallet infrastructure after detecting abnormal activity at 18:31 UTC on September 24. The exchange said the $351.6 million incident was contained to parts of its hot and warm wallet layers under a three-tier custody system. Its cold wallets were not affected. Bitget activated its emergency response process within minutes, identified and flagged addresses connected to the transfers and notified law-enforcement agencies and onchain security firms. Withdrawals Paused…

Binance’s EU setback has been covered mainly as a Binance problem. The July 1 MiCA deadline is not only testing the world’s largest exchange. It is forcing Europe’s entire crypto access model through a much smaller regulatory door. MiCA’s grandfathering period allowed certain firms that were already serving European clients under national rules to keep operating until July 1, 2026, or until they were granted or refused authorization. Once that window closes, a local registration is no longer enough. Crypto-asset…

MemeCore’s M token crashed more than 75% in 24 hours, triggering fresh scrutiny over how the token reached major exchange markets. M traded near $0.73, after falling from a 24-hour high of $2.66 to a low of $0.50. The token was down about 74% on the day, with 24-hour volume near $20 million and market cap just under $1 billion. The collapse followed earlier red flags around M’s valuation, supply concentration and centralized exchange access. ZachXBT had already questioned the…

More crypto exchanges are tightening checks on transfers connected to HTX after the UK added Huobi Global S.A. to its Russia sanctions list, forcing compliance teams across the market to reassess wallet exposure, source-of-funds risk and indirect transaction links. The May 26 UK sanctions package targeted Russia-linked crypto and payment infrastructure, including Huobi Global S.A., with “HTX” and “HTX Exchange” listed as name variations in the official notice. The designation placed the entity under restrictions that include asset-freeze measures, payment-processing…

Bitget has launched Reality, an RWA platform built to bring selected U.S. stocks and ETFs onchain through tokenized products called rTokens. The platform starts with tokenized equity and ETF exposure, putting Bitget deeper into the fast-moving market for blockchain-based access to traditional financial assets. Each rToken is designed as an onchain representation of a publicly traded stock or ETF, with the underlying shares held 1:1 by a FINRA-registered, SIPC-protected U.S. brokerage. That backing structure is the central feature because tokenized…

A large LAB token movement out of Bitget has drawn fresh scrutiny from on-chain investigator ZachXBT, who used the incident to escalate broader criticism of the exchange and the people he believes hold real influence behind it. Lookonchain tracked ten fresh wallets withdrawing 100 million LAB from Bitget over a 12-hour window. The tokens were valued at about $480.33 million at the time of the alert and represented 32.26% of LAB’s circulating supply. The movement was notable because the wallets…

Bitget, the world’s largest Universal Exchange (UEX), has announced the launch of the Blockchain4Youth Learning Hub: Semester 1, a new education initiative designed to help young learners explore blockchain not only as a field of study, but as a viable career path in the digital economy. As part of Bitget’s broader Blockchain4Youth initiative, the Learning Hub expands the program’s mission of making blockchain education more accessible and actionable for young people worldwide. Through recent initiatives such as the LALIGA Youth…

Bitget has launched IPO Prime, a platform offering tokenized exposure to private companies before they go public, with SpaceX as the first listing via a derivative token called preSPAX minted on the Solana blockchain. The offering is issued through Republic, a private markets investment platform, and began trading after a brief subscription window, giving retail investors near-immediate liquidity on a pre-IPO name that has been off-limits to almost everyone outside Sand Hill Road.The core question this raises: whether tokenized pre-IPO…