
Bitget CEO Says Recovery Unlikely After $388M Hack
Bitget CEO Gracy Chen stated recovery of the $388 million stolen is unlikely, noting only $1.1 million has been frozen so far.
The latest in digital assets, markets and regulation.

Bitget CEO Gracy Chen stated recovery of the $388 million stolen is unlikely, noting only $1.1 million has been frozen so far.

A Zano attacker exploited a Gateway Address vulnerability to mint 36.9 million unauthorized tokens, prompting a one-month blockchain rollback.

South Korea's Financial Services Commission proposed regulations for tokenized securities, including capital requirements and retail caps, ahead of a February 2027 effective date.

Operating profits at South Korean virtual asset exchanges plummeted 78% in the first half of 2026 as daily trading volumes and market capitalization declined significantly.

Core Lightning operators running version 26.06.7 or earlier must upgrade immediately after reports of attackers targeting unpatched Bitcoin nodes.

The Ethereum Foundation launched zkAPI on mainnet, enabling users to pay for AI services without revealing billing identities through zero-knowledge proofs.

NEAR Intents has identified the individual responsible for a $3.8 million security breach and issued a 48-hour deadline for fund restitution under responsible disclosure protocols.

China’s Ministry of State Security linked crypto to espionage, while Chainalysis data showed Singapore’s crypto activity rose 55.4% to $284 billion.

Chainalysis deployed custom AI automation to rapidly trace $387 million stolen from Bitget by North Korean actors, compressing manual reconciliation time significantly.

Grayscale's Zcash ETF recorded a $30.25 million net outflow on Sept. 30, coinciding with a 7.29% daily drop in ZEC price.

Shareholders of Armada Acquisition Corp. II approved the business combination, enabling Evernorth to list on Nasdaq under ticker XRPN with a $710 million XRP holding.

Darius Dale, founder of 42 Macro, anticipates near-term Bitcoin volatility due to tightening liquidity but forecasts a significant rally over 12 to 18 months if global liquidity returns in 2027.