On September 24, 2026, Bitget exchange suffered a major hack resulting in unauthorized transfers totaling up to $387.5 million from its hot and warm wallets. This attack targeted the exchange's centralized custody system and did not affect users of the Bitget Wallet, which uses a different self-custody model involving multi-party computation and key shares. The keyless wallet requires both the user's device and Bitget's server to sign transactions, creating a hybrid custody model. Users are advised to verify which wallet type they use and consider splitting holdings between trading venues and hardware wallets for better security. Tax rules in Germany confirm that transferring crypto between wallets of the same owner is not a taxable event.
The Bitget Wallet and exchange hack story provides context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 12, 2026 07:21 WIB: out of 50 major cryptocurrencies, 35 rose and 13 fell today. Notable movers include CRV with a 1-day change of +3.49% and a typical hold time of 62 days, XLM up +3.38% with an 84-day hold time and 86% buy order activity, and COTI up +2.89% with a 121-day hold time.
China's central bank has purchased gold for 23 consecutive months, reflecting Beijing's strategy to reduce reliance on the U.S. dollar and diversify reserves. Chinese households and companies are also increasing gold buying as a safe haven amid a wea...
Two wallets linked to the Ethereum Foundation transferred a total of 4,393 Ether (ETH) to the Kraken exchange, valued at approximately $11.13 million. This transaction, occurring on Sunday evening, adds to a series of transfers from these wallets, wh...
Shibarium's transaction count jumped 151% from 970 to 2,438 on October 9, but dropped to 1,142 the next day, indicating no sustained recovery. The network operates at just 0.027% capacity, with low fees reflecting minimal demand. This low activity li...
THORChain's native token, RUNE, is now fully unlocked with its supply reduced from 1 billion to 500 million. The network allocates 59% of its revenue from cross-chain swap fees to node operators who secure the network by bonding RUNE. Another 20% of ...
FFAI announced the rescheduling of the Investor Weekly Report by FF Founder and CEO YT Jia to October 14, coinciding with a joint product launch event with FFR. The event will unveil four new AI robotics products including the FF Nova humanoid robot,...
