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Strike clarifies Bitcoin loss was due to user error, not a rug pull, and is helping recover funds.

Market News
10 Oct 2026
Tokenpost
View Source
Neutral
Strike clarifies Bitcoin loss was due to user error, not a rug pull, and is helping recover funds.

Strike co-founder Jack Mallers clarified that a recent Bitcoin transaction issue was caused by a user entering the wrong self-custody address, not by any misconduct from Strike. The company followed all required Bitcoin transaction procedures under the Travel Rule and is actively working to assist the user in recovering the funds. Strike's custody model holds Bitcoin in multi-signature cold-storage vaults and does not create separate wallets or tokens. This explanation aims to clear confusion and reassure users about Strike's transaction integrity and support efforts.

Jack Mallers and Strike's Bitcoin transaction procedures are the subject, with Pluang market data providing context. As of Oct 10, 2026 21:02 WIB, out of 50 major cryptocurrencies priced on Pluang, 38 rose and 10 fell. Notable movers include ZIL at Rp63 with a 3.99% increase, UNI at Rp136.015 with a 3.93% rise, and THETA at Rp4.044 gaining 3.83%, with THETA showing 100% buy order activity on Pluang.

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