#bitgetsays$352maffectedinhack
bitgetsays$352maffectedinhack
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That’s why I always prefer Binance as the best exchange in terms of safe funds. 5,500 $BTC worth of profection fund is only available on Bitget (roughly $464m) whereas the hacker stole roughly $351m (still unverified-could be more than that).
#BitgetSays$352MAffectedInHack
That’s why I always prefer Binance as the best exchange in terms of safe funds. 5,500 $BTC worth of profection fund is only available on Bitget (roughly $464m) whereas the hacker stole roughly $351m (still unverified-could be more than that).
#BitgetSays$352MAffectedInHack
#BitgetSays$352MAffectedInHack
Wolfalone:
a mí me borran el post por hablar de otra plataforma no se porque a ti te lo dejan intacto
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$ETH
{future}(ETHUSDT)
🚨The Bitget hacker has converted stolen USDC into ETH after a breach that the exchange valued at about $351.6 million, renewing questions about when Circle freezes funds linked to an attack.#BitgetSays$352MAffectedInHack
$ETH
🚨The Bitget hacker has converted stolen USDC into ETH after a breach that the exchange valued at about $351.6 million, renewing questions about when Circle freezes funds linked to an attack.#BitgetSays$352MAffectedInHack
🚨The Bitget hacker has converted stolen USDC into ETH after a breach that the exchange valued at about $351.6 million, renewing questions about when Circle freezes funds linked to an attack.#BitgetSays$352MAffectedInHack
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🚨#Bitget says an attacker compromised part of its hot/warm wallet infrastructure, triggering unauthorized transfers worth an estimated $351.6M.
🔒 Cold wallets: Safe, according to Bitget
💰 User balances: Reportedly unaffected
🛡️ Protection Fund: $464M+
⛔ Withdrawals: Paused
✅ Trading & deposits: Still live
The attacker allegedly compromised a backend system and spoofed transaction data to bypass authorization. Bitget says private keys were not compromised and the breach has been contained.
On-chain researchers had previously identified around $183M in suspicious transfers, creating a discrepancy with Bitget's $351.6M estimate.
BGB fell nearly 3% after the news. $ETH 👀
#BitgetBreachForgedRequestsNotStolenKeys #BitgetSays$352MAffectedInHack #Write2Earn
🚨#Bitget says an attacker compromised part of its hot/warm wallet infrastructure, triggering unauthorized transfers worth an estimated $351.6M.
🔒 Cold wallets: Safe, according to Bitget
💰 User balances: Reportedly unaffected
🛡️ Protection Fund: $464M+
⛔ Withdrawals: Paused
✅ Trading & deposits: Still live
The attacker allegedly compromised a backend system and spoofed transaction data to bypass authorization. Bitget says private keys were not compromised and the breach has been contained.
On-chain researchers had previously identified around $183M in suspicious transfers, creating a discrepancy with Bitget's $351.6M estimate.
BGB fell nearly 3% after the news. $ETH 👀
#BitgetBreachForgedRequestsNotStolenKeys #BitgetSays$352MAffectedInHack #Write2Earn
🔒 Cold wallets: Safe, according to Bitget
💰 User balances: Reportedly unaffected
🛡️ Protection Fund: $464M+
⛔ Withdrawals: Paused
✅ Trading & deposits: Still live
The attacker allegedly compromised a backend system and spoofed transaction data to bypass authorization. Bitget says private keys were not compromised and the breach has been contained.
On-chain researchers had previously identified around $183M in suspicious transfers, creating a discrepancy with Bitget's $351.6M estimate.
BGB fell nearly 3% after the news. $ETH 👀
#BitgetBreachForgedRequestsNotStolenKeys #BitgetSays$352MAffectedInHack #Write2Earn
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#BitgetSays$352MAffectedInHack
🚨 BITGET SAYS $352M AFFECTED IN SECURITY BREACH
Crypto exchange Bitget says approximately $351.6 million in assets were affected by unauthorized transfers from portions of its hot and warm wallet infrastructure.
📊 Key points:
• Estimated assets affected: ~$351.6M
• Bitget says its cold wallets remain secure
• The incident affected portions of its hot and warm wallet layers
• Withdrawals were temporarily suspended during the security review
• Deposits and trading remain operational, according to Bitget
• Bitget says its User Protection Fund holds more than $464M
• The exchange says investigators and security firms are assisting with the investigation
🔎 Why it matters for crypto:
The incident highlights the importance of exchange security, wallet infrastructure, and transaction authorization controls across centralized crypto platforms.
⚠️ Important:
Bitget says the investigation is ongoing and a full incident report will provide further details on the root cause and corrective actions. Early reports about the attack should be treated cautiously until independently verified.
$ETC
{future}(ETCUSDT)
$MINA
{future}(MINAUSDT)
$TST
{future}(TSTUSDT)
#BitgetSays$352MAffectedInHack
🚨 BITGET SAYS $352M AFFECTED IN SECURITY BREACH
Crypto exchange Bitget says approximately $351.6 million in assets were affected by unauthorized transfers from portions of its hot and warm wallet infrastructure.
📊 Key points:
• Estimated assets affected: ~$351.6M
• Bitget says its cold wallets remain secure
• The incident affected portions of its hot and warm wallet layers
• Withdrawals were temporarily suspended during the security review
• Deposits and trading remain operational, according to Bitget
• Bitget says its User Protection Fund holds more than $464M
• The exchange says investigators and security firms are assisting with the investigation
🔎 Why it matters for crypto:
The incident highlights the importance of exchange security, wallet infrastructure, and transaction authorization controls across centralized crypto platforms.
⚠️ Important:
Bitget says the investigation is ongoing and a full incident report will provide further details on the root cause and corrective actions. Early reports about the attack should be treated cautiously until independently verified.
$ETC
$MINA
$TST
🚨 BITGET SAYS $352M AFFECTED IN SECURITY BREACH
Crypto exchange Bitget says approximately $351.6 million in assets were affected by unauthorized transfers from portions of its hot and warm wallet infrastructure.
📊 Key points:
• Estimated assets affected: ~$351.6M
• Bitget says its cold wallets remain secure
• The incident affected portions of its hot and warm wallet layers
• Withdrawals were temporarily suspended during the security review
• Deposits and trading remain operational, according to Bitget
• Bitget says its User Protection Fund holds more than $464M
• The exchange says investigators and security firms are assisting with the investigation
🔎 Why it matters for crypto:
The incident highlights the importance of exchange security, wallet infrastructure, and transaction authorization controls across centralized crypto platforms.
⚠️ Important:
Bitget says the investigation is ongoing and a full incident report will provide further details on the root cause and corrective actions. Early reports about the attack should be treated cautiously until independently verified.
$ETC
$MINA
$TST
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Bearish
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#BitgetSays$352MAffectedInHack 🔍 Market Update: Bitget Confirms $352M Security Breach, User Funds Protected
A significant security incident has impacted the crypto exchange landscape. Here is a clear, objective breakdown of the recent Bitget breach and its potential market implications.
📌 Core News
• The Incident Bitget confirmed an estimated $351.6 million was affected in a security breach involving its hot and warm wallets.
•The Mechanism CEO Gracy Chen clarified that attackers compromised a backend system to spoof transaction data, explicitly ruling out a private key compromise.
• User Protection Withdrawals have been temporarily suspended as a precautionary security measure. However, Bitget stated that user funds remain safe, as the total loss is fully covered by its $464 million User Protection Fund.
📊 Market Impact
• Short-Term Sentiment While exchange-related breaches typically trigger short-term caution, the swift containment (offline cold wallets remain secure) and immediate fund coverage may help mitigate broader market panic.
• **Ecosystem Shift**: This event reinforces the critical necessity of transparent, well-funded User Protection reserves. It may also accelerate industry-wide adoption of stricter backend authorization protocols and proof-of-reserves audits for centralized exchanges (CEXs).
💬 Join the Discussion
Do you believe robust, transparent User Protection Funds should now be a mandatory regulatory standard for all major centralized exchanges? Share your thoughts below! 👇
#CryptoNews #Bitget #CryptoSecurity #MarketUpdate #Web3
This is for educational purposes only. Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
$TUT $MUBARAK $SAGA
{future}(SAGAUSDT)
{future}(MUBARAKUSDT)
{future}(TUTUSDT)
#BitgetSays$352MAffectedInHack 🔍 Market Update: Bitget Confirms $352M Security Breach, User Funds Protected
A significant security incident has impacted the crypto exchange landscape. Here is a clear, objective breakdown of the recent Bitget breach and its potential market implications.
📌 Core News
• The Incident Bitget confirmed an estimated $351.6 million was affected in a security breach involving its hot and warm wallets.
•The Mechanism CEO Gracy Chen clarified that attackers compromised a backend system to spoof transaction data, explicitly ruling out a private key compromise.
• User Protection Withdrawals have been temporarily suspended as a precautionary security measure. However, Bitget stated that user funds remain safe, as the total loss is fully covered by its $464 million User Protection Fund.
📊 Market Impact
• Short-Term Sentiment While exchange-related breaches typically trigger short-term caution, the swift containment (offline cold wallets remain secure) and immediate fund coverage may help mitigate broader market panic.
• **Ecosystem Shift**: This event reinforces the critical necessity of transparent, well-funded User Protection reserves. It may also accelerate industry-wide adoption of stricter backend authorization protocols and proof-of-reserves audits for centralized exchanges (CEXs).
💬 Join the Discussion
Do you believe robust, transparent User Protection Funds should now be a mandatory regulatory standard for all major centralized exchanges? Share your thoughts below! 👇
#CryptoNews #Bitget #CryptoSecurity #MarketUpdate #Web3
This is for educational purposes only. Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
$TUT $MUBARAK $SAGA
A significant security incident has impacted the crypto exchange landscape. Here is a clear, objective breakdown of the recent Bitget breach and its potential market implications.
📌 Core News
• The Incident Bitget confirmed an estimated $351.6 million was affected in a security breach involving its hot and warm wallets.
•The Mechanism CEO Gracy Chen clarified that attackers compromised a backend system to spoof transaction data, explicitly ruling out a private key compromise.
• User Protection Withdrawals have been temporarily suspended as a precautionary security measure. However, Bitget stated that user funds remain safe, as the total loss is fully covered by its $464 million User Protection Fund.
📊 Market Impact
• Short-Term Sentiment While exchange-related breaches typically trigger short-term caution, the swift containment (offline cold wallets remain secure) and immediate fund coverage may help mitigate broader market panic.
• **Ecosystem Shift**: This event reinforces the critical necessity of transparent, well-funded User Protection reserves. It may also accelerate industry-wide adoption of stricter backend authorization protocols and proof-of-reserves audits for centralized exchanges (CEXs).
💬 Join the Discussion
Do you believe robust, transparent User Protection Funds should now be a mandatory regulatory standard for all major centralized exchanges? Share your thoughts below! 👇
#CryptoNews #Bitget #CryptoSecurity #MarketUpdate #Web3
This is for educational purposes only. Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
$TUT $MUBARAK $SAGA
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Bullish
See translation
#BitgetSays$352MAffectedInHack
🛡️ $351.6M Hack vs. $464M Protection Fund
Bitget has confirmed approximately $351.6 million in assets were affected after unauthorized transfers from parts of its hot-wallet infrastructure.
The interesting part is the protection layer: Bitget says its User Protection Fund holds more than $464 million, backed by 5,500 BTC, which is enough to cover the currently estimated loss. The exchange says the affected amount will be covered by the fund and that it will be replenished.
That doesn't make the incident insignificant. Withdrawals remain temporarily suspended while the security review continues, so the next thing traders should watch is how Bitget handles recovery and compensation.
For traders, this is another reminder that an exchange's reserve transparency and protection mechanisms matter just as much as trading features.
FOR TRADE:-
$BNB
$BTC
{spot}(BTCUSDT)
{spot}(BNBUSDT)
#Bitget #CryptoSecurity
#BitgetSays$352MAffectedInHack
🛡️ $351.6M Hack vs. $464M Protection Fund
Bitget has confirmed approximately $351.6 million in assets were affected after unauthorized transfers from parts of its hot-wallet infrastructure.
The interesting part is the protection layer: Bitget says its User Protection Fund holds more than $464 million, backed by 5,500 BTC, which is enough to cover the currently estimated loss. The exchange says the affected amount will be covered by the fund and that it will be replenished.
That doesn't make the incident insignificant. Withdrawals remain temporarily suspended while the security review continues, so the next thing traders should watch is how Bitget handles recovery and compensation.
For traders, this is another reminder that an exchange's reserve transparency and protection mechanisms matter just as much as trading features.
FOR TRADE:-
$BNB
$BTC
#Bitget #CryptoSecurity
🛡️ $351.6M Hack vs. $464M Protection Fund
Bitget has confirmed approximately $351.6 million in assets were affected after unauthorized transfers from parts of its hot-wallet infrastructure.
The interesting part is the protection layer: Bitget says its User Protection Fund holds more than $464 million, backed by 5,500 BTC, which is enough to cover the currently estimated loss. The exchange says the affected amount will be covered by the fund and that it will be replenished.
That doesn't make the incident insignificant. Withdrawals remain temporarily suspended while the security review continues, so the next thing traders should watch is how Bitget handles recovery and compensation.
For traders, this is another reminder that an exchange's reserve transparency and protection mechanisms matter just as much as trading features.
FOR TRADE:-
$BNB
$BTC
#Bitget #CryptoSecurity
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#BitgetSays$352MAffectedInHack
🚨 BITGET HACK & EXCHANGE SECURITY UPDATE 🛡️💥
A $351.6M hot wallet breach hit Bitget, but cold wallets remain untouched. Their $464M+ User Protection Fund fully covers the stolen assets, proving the importance of robust exchange security buffers! 📊⚡
Key Highlights : 🔑💡
Fund Covered: Bitget’s $464M reserve absorbs the entire $351.6M loss. 🛡️💰
System Contained: Backend breach resolved; private keys were never leaked. 🔒⚡
Industry Standard: Demonstrates why exchange protection reserves (like Binance’s SAFU) are essential. 🟡📊
Featured Tokens :
Bitcoin ($BTC ) ₿: Core asset backing major emergency protection reserves. 🛡️⚡
BNB ($BNB ) 🟡: The backbone of Binance's liquidity, risk management, and SAFU security. 🚀💎
💬 What’s your strategy? Relying on exchange SAFU funds or moving funds to self-custody cold wallets? Share below! 👇💭✨
#BinanceWillListHyperliquid(HYPE)
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
#CFTCUpdatesGuidanceOnTokenizedAssets
#OndoFinanceSoughtSaleAfterFoundersDeath
{spot}(BNBUSDT)
{spot}(BTCUSDT)
#BitgetSays$352MAffectedInHack
🚨 BITGET HACK & EXCHANGE SECURITY UPDATE 🛡️💥
A $351.6M hot wallet breach hit Bitget, but cold wallets remain untouched. Their $464M+ User Protection Fund fully covers the stolen assets, proving the importance of robust exchange security buffers! 📊⚡
Key Highlights : 🔑💡
Fund Covered: Bitget’s $464M reserve absorbs the entire $351.6M loss. 🛡️💰
System Contained: Backend breach resolved; private keys were never leaked. 🔒⚡
Industry Standard: Demonstrates why exchange protection reserves (like Binance’s SAFU) are essential. 🟡📊
Featured Tokens :
Bitcoin ($BTC ) ₿: Core asset backing major emergency protection reserves. 🛡️⚡
BNB ($BNB ) 🟡: The backbone of Binance's liquidity, risk management, and SAFU security. 🚀💎
💬 What’s your strategy? Relying on exchange SAFU funds or moving funds to self-custody cold wallets? Share below! 👇💭✨
#BinanceWillListHyperliquid(HYPE)
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
#CFTCUpdatesGuidanceOnTokenizedAssets
#OndoFinanceSoughtSaleAfterFoundersDeath
🚨 BITGET HACK & EXCHANGE SECURITY UPDATE 🛡️💥
A $351.6M hot wallet breach hit Bitget, but cold wallets remain untouched. Their $464M+ User Protection Fund fully covers the stolen assets, proving the importance of robust exchange security buffers! 📊⚡
Key Highlights : 🔑💡
Fund Covered: Bitget’s $464M reserve absorbs the entire $351.6M loss. 🛡️💰
System Contained: Backend breach resolved; private keys were never leaked. 🔒⚡
Industry Standard: Demonstrates why exchange protection reserves (like Binance’s SAFU) are essential. 🟡📊
Featured Tokens :
Bitcoin ($BTC ) ₿: Core asset backing major emergency protection reserves. 🛡️⚡
BNB ($BNB ) 🟡: The backbone of Binance's liquidity, risk management, and SAFU security. 🚀💎
💬 What’s your strategy? Relying on exchange SAFU funds or moving funds to self-custody cold wallets? Share below! 👇💭✨
#BinanceWillListHyperliquid(HYPE)
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
#CFTCUpdatesGuidanceOnTokenizedAssets
#OndoFinanceSoughtSaleAfterFoundersDeath
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#BitgetSays$352MAffectedInHack
Not another one! 🤯 The crypto drama never sleeps. Let's break down the massive news hitting the market: #BitgetSays$352MAffectedInHack 💸
🚨 Wait, hacked AGAIN?! Yes, Bitget confirmed an unauthorized transfer of $351.6 Million from their hot wallets! It might be the biggest heist of 2026.
🤔 Who pays the bill? Good news for now: CEO Gracy Chen stated user funds are safe, thanks to their $464M Protection Fund. The breach only touched a fraction of hot/warm wallets, while cold storage is completely secure. They are temporarily freezing withdrawals for a security review.
🛒 What should traders do?
🛡️ Stay calm: Don't panic-sell your bags at a discount.
🛑 Patience is key: Wait for the official 24-hour incident report before making big moves.
🔑 Safety first: Secure your funds and utilize reliable exchanges.
⚠️ Not financial advice. DYOR! New to Binance? Use code VINHTOCDO or click the link: [https://www.binance.com/register?ref=VINHTOCDO](https://www.binance.com/register?ref=VINHTOCDO) to trade safely!
👉 Click trade below to support me: $BNB
{future}(BNBUSDT)
| $BTC
{future}(BTCUSDT)
| $ETH
{future}(ETHUSDT)
#Bitget #CryptoNews #CryptoSecurity #BinanceSquare #TradingSafety #VINHTOCDO
#BitgetSays$352MAffectedInHack
Not another one! 🤯 The crypto drama never sleeps. Let's break down the massive news hitting the market: #BitgetSays$352MAffectedInHack 💸
🚨 Wait, hacked AGAIN?! Yes, Bitget confirmed an unauthorized transfer of $351.6 Million from their hot wallets! It might be the biggest heist of 2026.
🤔 Who pays the bill? Good news for now: CEO Gracy Chen stated user funds are safe, thanks to their $464M Protection Fund. The breach only touched a fraction of hot/warm wallets, while cold storage is completely secure. They are temporarily freezing withdrawals for a security review.
🛒 What should traders do?
🛡️ Stay calm: Don't panic-sell your bags at a discount.
🛑 Patience is key: Wait for the official 24-hour incident report before making big moves.
🔑 Safety first: Secure your funds and utilize reliable exchanges.
⚠️ Not financial advice. DYOR! New to Binance? Use code VINHTOCDO or click the link: https://www.binance.com/register?ref=VINHTOCDO to trade safely!
👉 Click trade below to support me: $BNB
| $BTC
| $ETH
#Bitget #CryptoNews #CryptoSecurity #BinanceSquare #TradingSafety #VINHTOCDO
Not another one! 🤯 The crypto drama never sleeps. Let's break down the massive news hitting the market: #BitgetSays$352MAffectedInHack 💸
🚨 Wait, hacked AGAIN?! Yes, Bitget confirmed an unauthorized transfer of $351.6 Million from their hot wallets! It might be the biggest heist of 2026.
🤔 Who pays the bill? Good news for now: CEO Gracy Chen stated user funds are safe, thanks to their $464M Protection Fund. The breach only touched a fraction of hot/warm wallets, while cold storage is completely secure. They are temporarily freezing withdrawals for a security review.
🛒 What should traders do?
🛡️ Stay calm: Don't panic-sell your bags at a discount.
🛑 Patience is key: Wait for the official 24-hour incident report before making big moves.
🔑 Safety first: Secure your funds and utilize reliable exchanges.
⚠️ Not financial advice. DYOR! New to Binance? Use code VINHTOCDO or click the link: https://www.binance.com/register?ref=VINHTOCDO to trade safely!
👉 Click trade below to support me: $BNB
| $BTC
| $ETH
#Bitget #CryptoNews #CryptoSecurity #BinanceSquare #TradingSafety #VINHTOCDO
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Article
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*Bitget CEO Gracy Chen Says Mandiant and SlowMist Are Investigating Security Incident*Bitget has brought in *Mandiant (Google) and SlowMist* to investigate the *$351.6 million security breach* detected on Sept 24 at 18:31 UTC, CEO Gracy Chen confirmed today.
The incident is now being treated as a potential *North Korea-linked attack*.
> "Our security team has made initial progress in tracing the source. The attacker compromised a critical backend system within our wallet infrastructure, used it to spoof transaction data, and triggered our authorization..." — Gracy Chen on X, Sept 25 e6a1
Here's what we know:
*How it happened (without private keys):*
Chen said the attacker did NOT steal private keys. Instead, they compromised a critical backend system in the wallet infrastructure and used it to create *spoofed transfer data* that reached the authorization process and moved funds out. Bitget says it has ruled out a private-key leak and has contained the incident — no further unauthorized transfers are possible. e6a1
It shifts the focus from key custody to the systems around it. The attacker didn't need to possess a wallet key; it needed access to infrastructure that could produce transfer info the approval flow would accept.
*What was taken:*
∼$351.6M from hot and warm wallets — cold wallets remain safe. Affected assets: ETH, XRP, USDT, USDC, AVAX, BNB and USDT0 on Arbitrum. Ethereum held the main concentration. Early on-chain trackers showed less because the incident extended beyond Ethereum.
User balances remain accurate. Deposits and trading continue. Withdrawals are paused while teams work on recovery and security upgrades.
*North Korea link:*
In a live Q&A after the breach, Chen said preliminary investigation points to IP addresses that match VPN services previously used by a DPRK hacking group. "The pattern looks very much like what the North Korean team did before." She said an inside job is not suspected. Attribution is still preliminary and not definitively confirmed. 4bbd
The $2B stolen by DPRK hackers in 2025, including the $1.5B Bybit hack attributed by the FBI, makes this plausible. Coindoo notes Bitget's current position is that North Korean involvement cannot be ruled out. e6a1
*What's next:*
Bitget says its $464M User Protection Fund more than covers the loss. Some stolen funds have already been recovered with help from blockchain foundations and partners — amount undisclosed. Addresses have been flagged and law enforcement contacted.
Chen said multiple technical teams are working to resume withdrawals in hours or days, and a full incident report with root cause and corrective actions will be published within 24 hours.
#BitcoinSpotETFsNetInflow$191M #CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #BrazilOrdersReportingOf$10KSelfCustodyTransfers
*Bitget CEO Gracy Chen Says Mandiant and SlowMist Are Investigating Security Incident*
Bitget has brought in *Mandiant (Google) and SlowMist* to investigate the *$351.6 million security breach* detected on Sept 24 at 18:31 UTC, CEO Gracy Chen confirmed today.
The incident is now being treated as a potential *North Korea-linked attack*.
> "Our security team has made initial progress in tracing the source. The attacker compromised a critical backend system within our wallet infrastructure, used it to spoof transaction data, and triggered our authorization..." — Gracy Chen on X, Sept 25 e6a1
Here's what we know:
*How it happened (without private keys):*
Chen said the attacker did NOT steal private keys. Instead, they compromised a critical backend system in the wallet infrastructure and used it to create *spoofed transfer data* that reached the authorization process and moved funds out. Bitget says it has ruled out a private-key leak and has contained the incident — no further unauthorized transfers are possible. e6a1
It shifts the focus from key custody to the systems around it. The attacker didn't need to possess a wallet key; it needed access to infrastructure that could produce transfer info the approval flow would accept.
*What was taken:*
∼$351.6M from hot and warm wallets — cold wallets remain safe. Affected assets: ETH, XRP, USDT, USDC, AVAX, BNB and USDT0 on Arbitrum. Ethereum held the main concentration. Early on-chain trackers showed less because the incident extended beyond Ethereum.
User balances remain accurate. Deposits and trading continue. Withdrawals are paused while teams work on recovery and security upgrades.
*North Korea link:*
In a live Q&A after the breach, Chen said preliminary investigation points to IP addresses that match VPN services previously used by a DPRK hacking group. "The pattern looks very much like what the North Korean team did before." She said an inside job is not suspected. Attribution is still preliminary and not definitively confirmed. 4bbd
The $2B stolen by DPRK hackers in 2025, including the $1.5B Bybit hack attributed by the FBI, makes this plausible. Coindoo notes Bitget's current position is that North Korean involvement cannot be ruled out. e6a1
*What's next:*
Bitget says its $464M User Protection Fund more than covers the loss. Some stolen funds have already been recovered with help from blockchain foundations and partners — amount undisclosed. Addresses have been flagged and law enforcement contacted.
Chen said multiple technical teams are working to resume withdrawals in hours or days, and a full incident report with root cause and corrective actions will be published within 24 hours.
#BitcoinSpotETFsNetInflow$191M #CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #BrazilOrdersReportingOf$10KSelfCustodyTransfers
The incident is now being treated as a potential *North Korea-linked attack*.
> "Our security team has made initial progress in tracing the source. The attacker compromised a critical backend system within our wallet infrastructure, used it to spoof transaction data, and triggered our authorization..." — Gracy Chen on X, Sept 25 e6a1
Here's what we know:
*How it happened (without private keys):*
Chen said the attacker did NOT steal private keys. Instead, they compromised a critical backend system in the wallet infrastructure and used it to create *spoofed transfer data* that reached the authorization process and moved funds out. Bitget says it has ruled out a private-key leak and has contained the incident — no further unauthorized transfers are possible. e6a1
It shifts the focus from key custody to the systems around it. The attacker didn't need to possess a wallet key; it needed access to infrastructure that could produce transfer info the approval flow would accept.
*What was taken:*
∼$351.6M from hot and warm wallets — cold wallets remain safe. Affected assets: ETH, XRP, USDT, USDC, AVAX, BNB and USDT0 on Arbitrum. Ethereum held the main concentration. Early on-chain trackers showed less because the incident extended beyond Ethereum.
User balances remain accurate. Deposits and trading continue. Withdrawals are paused while teams work on recovery and security upgrades.
*North Korea link:*
In a live Q&A after the breach, Chen said preliminary investigation points to IP addresses that match VPN services previously used by a DPRK hacking group. "The pattern looks very much like what the North Korean team did before." She said an inside job is not suspected. Attribution is still preliminary and not definitively confirmed. 4bbd
The $2B stolen by DPRK hackers in 2025, including the $1.5B Bybit hack attributed by the FBI, makes this plausible. Coindoo notes Bitget's current position is that North Korean involvement cannot be ruled out. e6a1
*What's next:*
Bitget says its $464M User Protection Fund more than covers the loss. Some stolen funds have already been recovered with help from blockchain foundations and partners — amount undisclosed. Addresses have been flagged and law enforcement contacted.
Chen said multiple technical teams are working to resume withdrawals in hours or days, and a full incident report with root cause and corrective actions will be published within 24 hours.
#BitcoinSpotETFsNetInflow$191M #CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #BrazilOrdersReportingOf$10KSelfCustodyTransfers
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#BitgetSays$352MAffectedInHack
🚨 Breaking Security Alert: Bitget Confirms $352M Compromised—User Funds Declared Safe 🔒⚠️
Major centralized exchange Bitget detected unauthorized transactions affecting $351.6 Million in digital assets across its hot and warm wallet systems.
Bitget CEO Gracy Chen quickly issued a public update, reassuring users that cold wallets remain 100% secure and account balances are accurate.
📌 Breakdown of What Happened & Key Security Facts
🕒 Incident Detection: Bitget's security systems flagged abnormal outflows from hot wallets starting around 18:31 UTC on September 24.
🛡️ Architecture Scope: The breach only impacted portions of Bitget’s hot and warm wallet layers; cold wallets were untouched.
💼 $464M Protection Fund: All lost funds fall within Bitget's User Protection Fund (currently holding >$464 Million), which will fully cover any affected user balances.
⏸️ Service Status: Withdrawals are temporarily paused while the security team conducts an audit. However, deposits and spot/derivatives trading remain fully operational.
⚠️ What You Need to Know & Do Right Now
Don't Panic Sell: User account balances are fully backed by Bitget's reserve fund, so losses will be covered internally.
Monitor Official Channels: Avoid phishing links or fake support handles offering "withdrawal workarounds"—refer strictly to official Bitget announcements.
Patience on Withdrawals: Withdrawal services will resume sequentially as soon as the security review finishes.
How do you view exchange hot-wallet breaches when fully backed by protection funds? Share your thoughts below! 💬👇
#FedOctoberRateHikeOddsRiseTo69.7% #Bitget #CryptoSecurity
#BitgetSays$352MAffectedInHack
🚨 Breaking Security Alert: Bitget Confirms $352M Compromised—User Funds Declared Safe 🔒⚠️
Major centralized exchange Bitget detected unauthorized transactions affecting $351.6 Million in digital assets across its hot and warm wallet systems.
Bitget CEO Gracy Chen quickly issued a public update, reassuring users that cold wallets remain 100% secure and account balances are accurate.
📌 Breakdown of What Happened & Key Security Facts
🕒 Incident Detection: Bitget's security systems flagged abnormal outflows from hot wallets starting around 18:31 UTC on September 24.
🛡️ Architecture Scope: The breach only impacted portions of Bitget’s hot and warm wallet layers; cold wallets were untouched.
💼 $464M Protection Fund: All lost funds fall within Bitget's User Protection Fund (currently holding >$464 Million), which will fully cover any affected user balances.
⏸️ Service Status: Withdrawals are temporarily paused while the security team conducts an audit. However, deposits and spot/derivatives trading remain fully operational.
⚠️ What You Need to Know & Do Right Now
Don't Panic Sell: User account balances are fully backed by Bitget's reserve fund, so losses will be covered internally.
Monitor Official Channels: Avoid phishing links or fake support handles offering "withdrawal workarounds"—refer strictly to official Bitget announcements.
Patience on Withdrawals: Withdrawal services will resume sequentially as soon as the security review finishes.
How do you view exchange hot-wallet breaches when fully backed by protection funds? Share your thoughts below! 💬👇
#FedOctoberRateHikeOddsRiseTo69.7% #Bitget #CryptoSecurity
🚨 Breaking Security Alert: Bitget Confirms $352M Compromised—User Funds Declared Safe 🔒⚠️
Major centralized exchange Bitget detected unauthorized transactions affecting $351.6 Million in digital assets across its hot and warm wallet systems.
Bitget CEO Gracy Chen quickly issued a public update, reassuring users that cold wallets remain 100% secure and account balances are accurate.
📌 Breakdown of What Happened & Key Security Facts
🕒 Incident Detection: Bitget's security systems flagged abnormal outflows from hot wallets starting around 18:31 UTC on September 24.
🛡️ Architecture Scope: The breach only impacted portions of Bitget’s hot and warm wallet layers; cold wallets were untouched.
💼 $464M Protection Fund: All lost funds fall within Bitget's User Protection Fund (currently holding >$464 Million), which will fully cover any affected user balances.
⏸️ Service Status: Withdrawals are temporarily paused while the security team conducts an audit. However, deposits and spot/derivatives trading remain fully operational.
⚠️ What You Need to Know & Do Right Now
Don't Panic Sell: User account balances are fully backed by Bitget's reserve fund, so losses will be covered internally.
Monitor Official Channels: Avoid phishing links or fake support handles offering "withdrawal workarounds"—refer strictly to official Bitget announcements.
Patience on Withdrawals: Withdrawal services will resume sequentially as soon as the security review finishes.
How do you view exchange hot-wallet breaches when fully backed by protection funds? Share your thoughts below! 💬👇
#FedOctoberRateHikeOddsRiseTo69.7% #Bitget #CryptoSecurity
1
2
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·
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Bearish
See translation
September 6: Liquid, about $320 million. keys intact
September 24: Bitget, $351.6 million. keys intact again
after Liquid I wrote that "not your keys" is half a security model. didn't expect the other half to show up on a centralized exchange this fast)
the attacker compromised a backend system in Bitget's wallet infrastructure, spoofed transaction data and triggered Bitget's own authorization process. private key compromise ruled out, per Gracy Chen
$ETH
{spot}(ETHUSDT)
, BNB, AVAX and USDT were among what left
the lock held. whoever decides when to open it got lied to
and this one sits in my own account. I have a balance on Bitget, withdrawals paused, no timeline
a fund of over $464 million covers the loss, they say. good
#BitgetSays$352MAffectedInHack and "user funds are safe" came in the same statement. I'll believe the second part when my withdrawal lands
the day they reopen I'll post here whether mine came through, follow if you have coins in there too
September 6: Liquid, about $320 million. keys intact
September 24: Bitget, $351.6 million. keys intact again
after Liquid I wrote that "not your keys" is half a security model. didn't expect the other half to show up on a centralized exchange this fast)
the attacker compromised a backend system in Bitget's wallet infrastructure, spoofed transaction data and triggered Bitget's own authorization process. private key compromise ruled out, per Gracy Chen
$ETH
, BNB, AVAX and USDT were among what left
the lock held. whoever decides when to open it got lied to
and this one sits in my own account. I have a balance on Bitget, withdrawals paused, no timeline
a fund of over $464 million covers the loss, they say. good
#BitgetSays$352MAffectedInHack and "user funds are safe" came in the same statement. I'll believe the second part when my withdrawal lands
the day they reopen I'll post here whether mine came through, follow if you have coins in there too
September 24: Bitget, $351.6 million. keys intact again
after Liquid I wrote that "not your keys" is half a security model. didn't expect the other half to show up on a centralized exchange this fast)
the attacker compromised a backend system in Bitget's wallet infrastructure, spoofed transaction data and triggered Bitget's own authorization process. private key compromise ruled out, per Gracy Chen
$ETH
, BNB, AVAX and USDT were among what left
the lock held. whoever decides when to open it got lied to
and this one sits in my own account. I have a balance on Bitget, withdrawals paused, no timeline
a fund of over $464 million covers the loss, they say. good
#BitgetSays$352MAffectedInHack and "user funds are safe" came in the same statement. I'll believe the second part when my withdrawal lands
the day they reopen I'll post here whether mine came through, follow if you have coins in there too
3
198
See translation
🔥 Crypto Security Alert
$352M reportedly affected — Bitget has addressed the incident.
The figure is enough to put exchange security under the spotlight.
Users should avoid relying on unverified claims circulating online.
$BTC $ETH $BNB and $XRP remain major assets to research independently.
🚨 In crypto, protecting your assets matters as much as finding opportunities.
#BitgetSays$352MAffectedInHack
🔥 Crypto Security Alert
$352M reportedly affected — Bitget has addressed the incident.
The figure is enough to put exchange security under the spotlight.
Users should avoid relying on unverified claims circulating online.
$BTC $ETH $BNB and $XRP remain major assets to research independently.
🚨 In crypto, protecting your assets matters as much as finding opportunities.
#BitgetSays$352MAffectedInHack
$352M reportedly affected — Bitget has addressed the incident.
The figure is enough to put exchange security under the spotlight.
Users should avoid relying on unverified claims circulating online.
$BTC $ETH $BNB and $XRP remain major assets to research independently.
🚨 In crypto, protecting your assets matters as much as finding opportunities.
#BitgetSays$352MAffectedInHack
19
See translation
⚠️ $352M Raises Questions
Bitget's statement says the hack affected around $352M.
Crypto markets are now watching the situation closely.
The incident could renew discussions around exchange security standards.
$BTC $ETH $LINK and $AVAX remain key spot-market assets.
🛡️ Transparency and security updates matter during incidents like this.
#BitgetSays$352MAffectedInHack
⚠️ $352M Raises Questions
Bitget's statement says the hack affected around $352M.
Crypto markets are now watching the situation closely.
The incident could renew discussions around exchange security standards.
$BTC $ETH $LINK and $AVAX remain key spot-market assets.
🛡️ Transparency and security updates matter during incidents like this.
#BitgetSays$352MAffectedInHack
Bitget's statement says the hack affected around $352M.
Crypto markets are now watching the situation closely.
The incident could renew discussions around exchange security standards.
$BTC $ETH $LINK and $AVAX remain key spot-market assets.
🛡️ Transparency and security updates matter during incidents like this.
#BitgetSays$352MAffectedInHack
23
See translation
💥 $352M Crypto Security Shock
Bitget says $352M was affected in the reported hack.
That is a huge number for the crypto industry.
The incident shows why wallet and exchange security matter.
$BTC $ETH $SOL and $BNB continue to dominate market attention.
🔎 Security first. Always verify before moving funds.
#BitgetSays$352MAffectedInHack
💥 $352M Crypto Security Shock
Bitget says $352M was affected in the reported hack.
That is a huge number for the crypto industry.
The incident shows why wallet and exchange security matter.
$BTC $ETH $SOL and $BNB continue to dominate market attention.
🔎 Security first. Always verify before moving funds.
#BitgetSays$352MAffectedInHack
Bitget says $352M was affected in the reported hack.
That is a huge number for the crypto industry.
The incident shows why wallet and exchange security matter.
$BTC $ETH $SOL and $BNB continue to dominate market attention.
🔎 Security first. Always verify before moving funds.
#BitgetSays$352MAffectedInHack
33
See translation
🛡️ Exchange Security Under Spotlight
A reported $352M impact has put Bitget's security response under attention.
The incident highlights how quickly crypto risks can escalate.
Exchange users should verify information through official channels.
$BTC $ETH $BNB and $LINK remain widely watched spot assets.
👀 One incident can change the conversation around platform security.
#BitgetSays$352MAffectedInHack
🛡️ Exchange Security Under Spotlight
A reported $352M impact has put Bitget's security response under attention.
The incident highlights how quickly crypto risks can escalate.
Exchange users should verify information through official channels.
$BTC $ETH $BNB and $LINK remain widely watched spot assets.
👀 One incident can change the conversation around platform security.
#BitgetSays$352MAffectedInHack
A reported $352M impact has put Bitget's security response under attention.
The incident highlights how quickly crypto risks can escalate.
Exchange users should verify information through official channels.
$BTC $ETH $BNB and $LINK remain widely watched spot assets.
👀 One incident can change the conversation around platform security.
#BitgetSays$352MAffectedInHack
27
See translation
🚨 $352M Hack Impact Reported
Bitget says approximately $352M was affected in the reported security incident.
The scale puts exchange security back in focus.
Users should pay close attention to official updates and wallet movements.
$BTC $ETH $BNB and $SOL remain major assets across the spot market.
🔐 In crypto, security is part of the investment strategy.
#BitgetSays$352MAffectedInHack
🚨 $352M Hack Impact Reported
Bitget says approximately $352M was affected in the reported security incident.
The scale puts exchange security back in focus.
Users should pay close attention to official updates and wallet movements.
$BTC $ETH $BNB and $SOL remain major assets across the spot market.
🔐 In crypto, security is part of the investment strategy.
#BitgetSays$352MAffectedInHack
Bitget says approximately $352M was affected in the reported security incident.
The scale puts exchange security back in focus.
Users should pay close attention to official updates and wallet movements.
$BTC $ETH $BNB and $SOL remain major assets across the spot market.
🔐 In crypto, security is part of the investment strategy.
#BitgetSays$352MAffectedInHack
35
·
--
Bearish
See translation
Bitget Reports $351.6M Hack: Can Its Response Rebuild Trust?
Bitget says unauthorized transfers detected on September 24 affected an estimated $351.6 million. The exchange reported that portions of its hot and warm wallet systems were affected, while cold wallets remained secure.
According to its security notice, withdrawals were temporarily suspended, while deposits and trading continued. Bitget said its User Protection Fund held more than $464 million and covered the full loss. It also promised a detailed incident report within 24 hours. The fund coverage and asset protection assurances come from the exchange.
My take: The recovery process now deserves as much attention as the loss figure. A protection fund can help absorb financial damage, but rebuilding confidence also requires a credible explanation, evidence that the weaknesses have been fixed, and dependable withdrawals.
For customers, the practical question is when they can access their assets normally. For the wider industry, this incident puts exchange security and operational resilience under scrutiny. Transparent updates and independently reviewed corrective actions would provide stronger grounds for judging the response than the fund’s headline value alone.
What would rebuild your trust first: verified fund coverage, an independent security review, or restored withdrawals?
#BitgetSays$352MAffectedInHack #Bitget #CryptoSecurity
$SAGA $MUBARAK $NIL
{future}(NILUSDT)
{future}(MUBARAKUSDT)
{future}(SAGAUSDT)
Bitget Reports $351.6M Hack: Can Its Response Rebuild Trust?
Bitget says unauthorized transfers detected on September 24 affected an estimated $351.6 million. The exchange reported that portions of its hot and warm wallet systems were affected, while cold wallets remained secure.
According to its security notice, withdrawals were temporarily suspended, while deposits and trading continued. Bitget said its User Protection Fund held more than $464 million and covered the full loss. It also promised a detailed incident report within 24 hours. The fund coverage and asset protection assurances come from the exchange.
My take: The recovery process now deserves as much attention as the loss figure. A protection fund can help absorb financial damage, but rebuilding confidence also requires a credible explanation, evidence that the weaknesses have been fixed, and dependable withdrawals.
For customers, the practical question is when they can access their assets normally. For the wider industry, this incident puts exchange security and operational resilience under scrutiny. Transparent updates and independently reviewed corrective actions would provide stronger grounds for judging the response than the fund’s headline value alone.
What would rebuild your trust first: verified fund coverage, an independent security review, or restored withdrawals?
#BitgetSays$352MAffectedInHack #Bitget #CryptoSecurity
$SAGA $MUBARAK $NIL
Bitget says unauthorized transfers detected on September 24 affected an estimated $351.6 million. The exchange reported that portions of its hot and warm wallet systems were affected, while cold wallets remained secure.
According to its security notice, withdrawals were temporarily suspended, while deposits and trading continued. Bitget said its User Protection Fund held more than $464 million and covered the full loss. It also promised a detailed incident report within 24 hours. The fund coverage and asset protection assurances come from the exchange.
My take: The recovery process now deserves as much attention as the loss figure. A protection fund can help absorb financial damage, but rebuilding confidence also requires a credible explanation, evidence that the weaknesses have been fixed, and dependable withdrawals.
For customers, the practical question is when they can access their assets normally. For the wider industry, this incident puts exchange security and operational resilience under scrutiny. Transparent updates and independently reviewed corrective actions would provide stronger grounds for judging the response than the fund’s headline value alone.
What would rebuild your trust first: verified fund coverage, an independent security review, or restored withdrawals?
#BitgetSays$352MAffectedInHack #Bitget #CryptoSecurity
$SAGA $MUBARAK $NIL
1
1.1k
$TWT Security alert on Bitget!
The platform has just suffered a loss of $351.6 million after a vulnerability was detected in its hot wallets. The exchange CEO, Gracy Chen, clarified that the attackers compromised an internal system to forge documents and withdrawal authorizations, but highlighted a vital technical detail: the private keys and cold vaults were never compromised, so the real keys to the funds remain safe.
As an emergency measure, Bitget has temporarily frozen all withdrawals from the platform, although trading and deposits continue to operate normally. To reassure the community, the directive confirmed that 100% of the losses will be covered by its User Protection Fund, which has backing of over $464 million, ensuring that customers’ balances will remain intact while the technical team works to restore the system.
Do you have capital in this exchange, or do you prefer to rely on self-custody wallets to always avoid these risks?
FOLLOW ME for more NEWS and ANALYSIS..
#BitgetSays$352MAffectedInHack
{future}(TWTUSDT)
$TWT Security alert on Bitget!
The platform has just suffered a loss of $351.6 million after a vulnerability was detected in its hot wallets. The exchange CEO, Gracy Chen, clarified that the attackers compromised an internal system to forge documents and withdrawal authorizations, but highlighted a vital technical detail: the private keys and cold vaults were never compromised, so the real keys to the funds remain safe.
As an emergency measure, Bitget has temporarily frozen all withdrawals from the platform, although trading and deposits continue to operate normally. To reassure the community, the directive confirmed that 100% of the losses will be covered by its User Protection Fund, which has backing of over $464 million, ensuring that customers’ balances will remain intact while the technical team works to restore the system.
Do you have capital in this exchange, or do you prefer to rely on self-custody wallets to always avoid these risks?
FOLLOW ME for more NEWS and ANALYSIS..
#BitgetSays$352MAffectedInHack
The platform has just suffered a loss of $351.6 million after a vulnerability was detected in its hot wallets. The exchange CEO, Gracy Chen, clarified that the attackers compromised an internal system to forge documents and withdrawal authorizations, but highlighted a vital technical detail: the private keys and cold vaults were never compromised, so the real keys to the funds remain safe.
As an emergency measure, Bitget has temporarily frozen all withdrawals from the platform, although trading and deposits continue to operate normally. To reassure the community, the directive confirmed that 100% of the losses will be covered by its User Protection Fund, which has backing of over $464 million, ensuring that customers’ balances will remain intact while the technical team works to restore the system.
Do you have capital in this exchange, or do you prefer to rely on self-custody wallets to always avoid these risks?
FOLLOW ME for more NEWS and ANALYSIS..
#BitgetSays$352MAffectedInHack
206 Atlas:
Cold storage is the only real hedge. Trusting exchange insurance funds adds unnecessary counterparty risk to your portfolio.
3
2
3
8.8k
·
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Verified
See translation
#ondofinancesoughtsaleafterfoundersdeath
🚨 BREAKING: ONDO FINANCE SUCCESSION CRISIS AFTER FOUNDER'S DEATH 📉💥
Major uncertainty hits the RWA sector! Reports reveal that Ondo Finance ($3.8B RWA giant) was reportedly shopped to potential buyers following the sudden passing of founder & CEO Nathan Allman (32) on May 25. 📰⚡
Key Highlights : 🔑💡
Succession Dispute: Allman passed away without a will while holding a controlling stake, triggering a court/probate battle between his estate and interim CEO Ian De Bode. 🏛️⚠️
Buyout Rumors Denied: Reports claim entity acquisition talks occurred post-death, but Ondo official spokespersons called the sale rumors "wholly untrue." 🚫📢
Market Impact: ONDO dropped ~7% as traders priced in corporate governance risks and leadership uncertainty. 📉📊
Featured Tokens :
Ondo Finance ($ONDO ) 🏛️: Facing governance & court battle turbulence despite leading tokenized Treasuries. 📉⚡
Real World Assets ($RWA ) Sector 🌐: Heightened focus on decentralization & legal succession frameworks for tokenized asset protocols. 📊🛡️
💬 What’s your move? Staying bullish on $ONDO’s institutional RWA dominance, or waiting on the sidelines until legal clarity arrives? Share below! 👇💭✨
#CFTCUpdatesGuidanceOnTokenizedAssets
#OndoFinanceSoughtSaleAfterFoundersDeath
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
#BitgetSays$352MAffectedInHack
{alpha}(560x9c8b5ca345247396bdfac0395638ca9045c6586e)
{spot}(ONDOUSDT)
#ondofinancesoughtsaleafterfoundersdeath
🚨 BREAKING: ONDO FINANCE SUCCESSION CRISIS AFTER FOUNDER'S DEATH 📉💥
Major uncertainty hits the RWA sector! Reports reveal that Ondo Finance ($3.8B RWA giant) was reportedly shopped to potential buyers following the sudden passing of founder & CEO Nathan Allman (32) on May 25. 📰⚡
Key Highlights : 🔑💡
Succession Dispute: Allman passed away without a will while holding a controlling stake, triggering a court/probate battle between his estate and interim CEO Ian De Bode. 🏛️⚠️
Buyout Rumors Denied: Reports claim entity acquisition talks occurred post-death, but Ondo official spokespersons called the sale rumors "wholly untrue." 🚫📢
Market Impact: ONDO dropped ~7% as traders priced in corporate governance risks and leadership uncertainty. 📉📊
Featured Tokens :
Ondo Finance ($ONDO ) 🏛️: Facing governance & court battle turbulence despite leading tokenized Treasuries. 📉⚡
Real World Assets ($RWA ) Sector 🌐: Heightened focus on decentralization & legal succession frameworks for tokenized asset protocols. 📊🛡️
💬 What’s your move? Staying bullish on $ONDO ’s institutional RWA dominance, or waiting on the sidelines until legal clarity arrives? Share below! 👇💭✨
#CFTCUpdatesGuidanceOnTokenizedAssets
#OndoFinanceSoughtSaleAfterFoundersDeath
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
#BitgetSays$352MAffectedInHack
🚨 BREAKING: ONDO FINANCE SUCCESSION CRISIS AFTER FOUNDER'S DEATH 📉💥
Major uncertainty hits the RWA sector! Reports reveal that Ondo Finance ($3.8B RWA giant) was reportedly shopped to potential buyers following the sudden passing of founder & CEO Nathan Allman (32) on May 25. 📰⚡
Key Highlights : 🔑💡
Succession Dispute: Allman passed away without a will while holding a controlling stake, triggering a court/probate battle between his estate and interim CEO Ian De Bode. 🏛️⚠️
Buyout Rumors Denied: Reports claim entity acquisition talks occurred post-death, but Ondo official spokespersons called the sale rumors "wholly untrue." 🚫📢
Market Impact: ONDO dropped ~7% as traders priced in corporate governance risks and leadership uncertainty. 📉📊
Featured Tokens :
Ondo Finance ($ONDO ) 🏛️: Facing governance & court battle turbulence despite leading tokenized Treasuries. 📉⚡
Real World Assets ($RWA ) Sector 🌐: Heightened focus on decentralization & legal succession frameworks for tokenized asset protocols. 📊🛡️
💬 What’s your move? Staying bullish on $ONDO ’s institutional RWA dominance, or waiting on the sidelines until legal clarity arrives? Share below! 👇💭✨
#CFTCUpdatesGuidanceOnTokenizedAssets
#OndoFinanceSoughtSaleAfterFoundersDeath
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
#BitgetSays$352MAffectedInHack
M REHAN7:
Great work! But question — if founder dispute is denied by Ondo, why $ONDO dropped 7%? Do you think this is FUD or real risk for RWA sector? 🤔
3
10
10k
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See translation
#cftcupdatesguidanceontokenizedassets
🏛️ ADMINISTRATIVE GUIDANCE VS. LEGISLATION: CFTC’S RWA UPDATE! 🌐⚡
While Congress remains stalled on new crypto legislation, the CFTC has issued updated guidance for regulated derivatives firms!
🏛️ Regulated entities can now invest customer funds into tokenized Treasuries/MMFs and utilize blockchain for official recordkeeping. 📊💡
Key Takeaways : 🔑💡
Immediate Operational Clarity: Firms get practical rules under existing CFTC authority without waiting for stalled Senate bills.
RWA Ecosystem Expansion: Accelerates institutional deployment into the $46B tokenized real-world asset (RWA) market.
Administrative Trade-off: Agency guidance offers rapid adaptability, but lacks the permanent legal stability of federal legislation.
Featured Tokens :
Chainlink ($LINK ) 🌐: Essential oracle infrastructure connecting off-chain RWAs and traditional assets to blockchain networks.
Ondo Finance ($ONDO ) 🏛️: A leader in bringing institutional-grade tokenized Treasuries and real-world assets on-chain.
💬 What's your take? Does administrative guidance provide enough confidence for Wall Street, or is federal law strictly required? Share below! 👇💭✨
#CFTCUpdatesGuidanceOnTokenizedAssets
#BitgetSays$352MAffectedInHack
#BitcoinSpotETFsNetInflow$191M
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
{spot}(ONDOUSDT)
{spot}(LINKUSDT)
#cftcupdatesguidanceontokenizedassets
🏛️ ADMINISTRATIVE GUIDANCE VS. LEGISLATION: CFTC’S RWA UPDATE! 🌐⚡
While Congress remains stalled on new crypto legislation, the CFTC has issued updated guidance for regulated derivatives firms!
🏛️ Regulated entities can now invest customer funds into tokenized Treasuries/MMFs and utilize blockchain for official recordkeeping. 📊💡
Key Takeaways : 🔑💡
Immediate Operational Clarity: Firms get practical rules under existing CFTC authority without waiting for stalled Senate bills.
RWA Ecosystem Expansion: Accelerates institutional deployment into the $46B tokenized real-world asset (RWA) market.
Administrative Trade-off: Agency guidance offers rapid adaptability, but lacks the permanent legal stability of federal legislation.
Featured Tokens :
Chainlink ($LINK ) 🌐: Essential oracle infrastructure connecting off-chain RWAs and traditional assets to blockchain networks.
Ondo Finance ($ONDO ) 🏛️: A leader in bringing institutional-grade tokenized Treasuries and real-world assets on-chain.
💬 What's your take? Does administrative guidance provide enough confidence for Wall Street, or is federal law strictly required? Share below! 👇💭✨
#CFTCUpdatesGuidanceOnTokenizedAssets
#BitgetSays$352MAffectedInHack
#BitcoinSpotETFsNetInflow$191M
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
🏛️ ADMINISTRATIVE GUIDANCE VS. LEGISLATION: CFTC’S RWA UPDATE! 🌐⚡
While Congress remains stalled on new crypto legislation, the CFTC has issued updated guidance for regulated derivatives firms!
🏛️ Regulated entities can now invest customer funds into tokenized Treasuries/MMFs and utilize blockchain for official recordkeeping. 📊💡
Key Takeaways : 🔑💡
Immediate Operational Clarity: Firms get practical rules under existing CFTC authority without waiting for stalled Senate bills.
RWA Ecosystem Expansion: Accelerates institutional deployment into the $46B tokenized real-world asset (RWA) market.
Administrative Trade-off: Agency guidance offers rapid adaptability, but lacks the permanent legal stability of federal legislation.
Featured Tokens :
Chainlink ($LINK ) 🌐: Essential oracle infrastructure connecting off-chain RWAs and traditional assets to blockchain networks.
Ondo Finance ($ONDO ) 🏛️: A leader in bringing institutional-grade tokenized Treasuries and real-world assets on-chain.
💬 What's your take? Does administrative guidance provide enough confidence for Wall Street, or is federal law strictly required? Share below! 👇💭✨
#CFTCUpdatesGuidanceOnTokenizedAssets
#BitgetSays$352MAffectedInHack
#BitcoinSpotETFsNetInflow$191M
#BrazilOrdersReportingOf$10KSelfCustodyTransfers
206 Atlas:
Guidance isn't legislation. I want to see actual capital inflows, not just operational clarity for firms already in the space.
4
8
6.5k
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