BitGo

BitGo is cutting nearly 15% of its workforce as CEO Mike Belshe moves the public crypto custody company toward a narrower set of growth priorities. The reduction affects employees across the business and has been framed by management as a one-time action. Belshe said the financial-services stack around digital assets has changed, forcing BitGo to concentrate people and resources around security, trading, stablecoins, settlement and AI-powered infrastructure. The message was also attached to a BitGo 8-K, putting the restructuring into…

Two newly created wallets likely tied to Tom Lee’s BitMine withdrew 35,138 ETH from BitGo and Kraken, adding another large onchain movement to one of the most aggressive corporate Ethereum accumulation strategies in the market. The transfers were flagged by Onchain Lens, which valued the ETH at roughly $58.39 million during the monitoring window. The movement came through fresh wallets rather than a new company press release, so attribution remains based on wallet behavior and prior patterns rather than direct…

BitGo plans to expand institutional access to DeFi vault strategies through a new offering built with third-party infrastructure providers, risk managers and Morpho. The planned DeFi vault offering is designed for eligible institutional clients seeking access to third-party onchain vault products and lending-related opportunities through BitGo’s platform. Morpho is one of the planned launch partners, bringing the lending infrastructure and vault architecture behind the strategy execution. The product is not a simple custody listing. BitGo expects clients to access predefined…

Tom Lee’s BitMine appears to have added another 25,000 ETH from BitGo-linked wallets, extending a rapid Ethereum accumulation streak during a weak market stretch for ETH. The latest transfer was valued at about $41.09 million, putting the implied ETH price near $1,644. The same three-day tracking window now shows 125,000 ETH added for roughly $206 million, making BitMine one of the most aggressive corporate buyers of Ethereum during the current pullback. The company’s latest reported balance stood at 5,543,872 ETH…

Eligible institutional clients can now access Aave lending markets directly from BitGo Bank & Trust qualified custody wallets through Narval’s institutional DeFi gateway. The launch gives institutions a controlled route into Aave without starting from a standard browser wallet or moving through unmanaged signing flows. BitGo clients can use qualified custody wallets, custody approval workflows, whitelisted protocol access and transaction verification before interacting with approved DeFi markets. Aave is the main lending protocol in the launch set, while Spark and…

Galaxy Digital and BitGo are back in a Delaware courtroom over one of crypto’s biggest collapsed acquisitions, with BitGo pursuing at least $100 million tied to a reverse break fee from their failed $1.2 billion merger. The deal was announced during the 2021 bull market, when Galaxy wanted to fold BitGo’s custody, wallet and institutional security business into a larger digital-asset financial platform. By August 2022, the transaction was dead. Galaxy said it had the right to terminate after BitGo…

Agentic finance is gaining serious traction. AI agents are no longer just drafting reports or surfacing ideas. They are placing trades, settling payments, and transacting on behalf of users and enterprises. The pace has accelerated sharply in 2026. As adoption scales, Jody Mettler, COO of BitGo, says that from an institutional standpoint, four controls must be in place for agentic transactions. Agentic Finance Arrives From Every Direction Recent weeks have seen a wave of agentic AI launches pushing autonomous systems…

Stablecoins have moved into core financial infrastructure. Monthly on-chain volume now exceeds $2 trillion. Payment networks like Visa, Mastercard, and Stripe have all expanded into the space. However, the infrastructure behind them is almost invisible. This includes custody, minting, settlement, and compliance systems. That is where BitGo operates. The company is now nominated for Best Stablecoin Infrastructure Leader at the BeInCrypto Institutional 100 Awards 2026.  Growing Institutional Footprint The nomination centers on BitGo Mint, launched April 2, 2026. The platform…

A wave of protocol-level security responses followed the $292 million KelpDAO rsETH exploit on April 19, with BitGo, Polygon, and Katana moving swiftly to isolate potential contagion. The attack drained 116,500 rsETH from Kelp DAO’s LayerZero-powered cross-chain bridge through a forged message that bypassed its Decentralized Verifier Network (DVN) configuration. Protocols Move to Contain Fallout BitGo, alongside BiT Global Trust, took down the LayerZero OFT DVNs for Wrapped Bitcoin (WBTC) as a precaution. The firm confirmed that user funds remain…