Investment
Features
FeesSafety
Academy
More
Pluang+

Bitget CEO doubts recovery of $388M lost in recent hack, citing Bybit breach as precedent

Market News
30 Sep 2026
Crypto Economy
View Source
Bearish
Bitget CEO doubts recovery of $388M lost in recent hack, citing Bybit breach as precedent

Bitget CEO Gracy Chen has expressed pessimism about recovering the $388 million lost in a recent security breach. She referenced a similar hack involving Bybit, implying that such large-scale recoveries are unlikely. This admission highlights the challenges crypto platforms face in securing funds and the potential risks for investors. The situation remains unresolved, with no clear path to reclaim the stolen assets.

The recent $388 million Bitget hack is the story's subject, provided here with Pluang's market snapshot as of Sep 30, 2026 22:03 WIB: Among 50 major cryptocurrencies tradable on Pluang, only 9 rose while 40 fell. BAL (Balancer) gained 11.14% to Rp16.297 with a typical hold time of 85 days, contrasting with AAVE (Aave) which dropped 8.97% to Rp2.857.212 and showed heavy sell pressure at 97% sell orders, and KSM (Kusama) which rose 8.41% to Rp91.330 despite 94% sell orders and a typical hold time of 79 days.

More News

WiMi develops advanced hybrid quantum computing simulation model to boost quantum algorithm research and hardware efficiency

WiMi develops advanced hybrid quantum computing simulation model to boost quantum algorithm research and hardware efficiency

WiMi Hologram Cloud Inc. has created a new quantum computing simulation model using a hybrid parallel architecture that combines CPU and GPU resources. This model overcomes traditional limitations in computing power, storage, and scalability, enablin...

Market News
Bullish
4 hours ago
Robinhood launches 24/7 trading and AI-powered trading agents for select stocks.

Robinhood launches 24/7 trading and AI-powered trading agents for select stocks.

Robinhood Markets Inc announced it will offer round-the-clock trading on select stocks, including weekends, enhancing trading flexibility for users. The company introduced Robinhood Agents, AI tools integrated into its app that can research markets, ...

Market News
Bullish
4 hours ago
Lighter (LIT) drops 11.4%, fueling $2.11M gains on large short positions amid Robinhood's new contract launch

Lighter (LIT) drops 11.4%, fueling $2.11M gains on large short positions amid Robinhood's new contract launch

Lighter (LIT) token fell about 11.4% to $3.99 on Sept. 30, leading to roughly $2.11 million in unrealized gains for two major short positions on Hyperliquid. One trader shorted 1.148 million LIT near $4.95, gaining about $1.1 million, while another s...

Market News
Bearish
4 hours ago
Tempo integrates Open USD stablecoin with $400M liquidity for enterprise payments and treasury

Tempo integrates Open USD stablecoin with $400M liquidity for enterprise payments and treasury

Tempo, a Layer 1 blockchain backed by Stripe and Paradigm, has integrated Open USD (OUSD), a stablecoin supported by Stripe's subsidiary Bridge, with over $400 million in liquidity. This integration targets enterprise payments, settlement, and treasu...

Protocol Fundamentals
Bullish
4 hours ago
Crexendo posts 49% revenue rise but software growth slows, margins improve with ESI integration

Crexendo posts 49% revenue rise but software growth slows, margins improve with ESI integration

Crexendo's Q2 revenue grew 49% year-over-year to $24.6 million, driven by ESI integration which improved margins. However, organic growth was modest at 7%, with software revenue increasing only 5%, raising concerns about future growth. Profitability ...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App