Bitget suffered a $387.5 million hack on September 24, with attackers exploiting backend systems to move funds, including a large XRP position. The stolen assets began moving through THORChain into Bitcoin, prompting Bitget's CEO Gracy Chen to publicly demand THORChain stop processing these known stolen funds, arguing decentralization should not shield illicit transfers. THORChain responded by emphasizing its permissionless nature, but the incident highlights tensions between decentralized protocols and the need for accountability in crypto theft recovery. Bitget has frozen withdrawals, secured customer balances with a protection fund, and is cooperating with law enforcement and forensic experts.
The Bitget $387.5 million hack is a major crypto security event. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 28, 2026 12:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 10 rose and 39 fell today. Notable gainers include ONE (Harmony) at Rp49 with a 24.56% increase and a typical hold time of 152 days, GRT (The Graph) at Rp583 up 19.29%, and BAL (Balancer) at Rp16.297 rising 11.14%.
U.S. spot Solana ETFs attracted a record $188 million in net inflows last week, with all seven funds seeing new investments. Bitwise's BSOL led the inflows, capturing about $128 million or 68% of the total, contributing to its $1.2 billion share of t...
As of September 22, leveraged funds in Bitcoin futures increased their net short position by 1,599 contracts, totaling 7,953 contracts net short. Meanwhile, asset managers raised their net long exposure by 411 contracts, reaching a net long position ...
JPYC, a yen-pegged stablecoin, surged from 12 won to 37.6 won on South Korea's Upbit exchange shortly after its September 17 listing, reaching about four times its intended value. This sharp price jump highlights liquidity challenges when stablecoins...
Luckin Coffee has opened its 100th store in Singapore, marking significant growth since its 2023 international launch. The company is now the second-largest coffee chain in Singapore by store count, serving over 1.9 million customers locally. Luckin'...
On September 27, 2026, the cost to transfer ether on the Ethereum network was approximately one cent, reflecting low base fees and network upgrades increasing block gas limits. Gas fees vary widely depending on network load and transaction complexity...
