An estimated $351.6 million in crypto has been moved from digital asset exchange Bitget’s hot wallets in a suspected hack. The platform’s CEO said in a Thursday statement that Bitget’s security team activated an emergency response when the movements were detected. Blockchain security firms had flagged the issue earlier in the day. “At 18:31 UTC … Read more
KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZero’s security infrastructure contributed to the attack. KelpDAO said Friday that LayerZero failed to disclose risks in its technology or prevent attackers from compromising its infrastructure. It also alleged … Read more
Researchers at the cryptography research firm Alloc Init have proposed a system for bringing Zcash-style private transfers to Bitcoin without requiring a soft fork. The proposal, called Shielded Bitcoin, would conceal transaction amounts, senders, receivers and links to previously spent funds using encrypted notes and zero-knowledge proofs. The paper was published on Thursday by Clara … Read more
In a stunning turn of events that has sent shockwaves through the cryptocurrency market, the major exchange Bitget has confirmed a massive security breach. Attackers have made off with an estimated $351.6 million in digital assets, marking the largest crypto hack of 2026 so far. The incident, which occurred on September 24, 2026, has led … Read more
Asian countries account for almost half of Adoption Index Almost half of the top 20 nations in terms of grassroots crypto adoption are in the Asia Pacific region. According to Chainalysis’s newly released 2026 Global Crypto Adoption Index, Japan ranks at number 4, followed by South Korea (5), India (6), Thailand (8), China (12), Indonesia … Read more
Bitget CEO Gracy Chen said North Korean hackers may be behind the exchange’s $351.6 million security breach on Thursday, citing preliminary findings linking IP addresses to VPN services used by a North Korean group. Speaking during a live Q&A following the incident on X, Chen said security investigators had flagged similarities with previous North Korean … Read more
Bitcoin (BTC) had a volatile Thursday during US hours as the yield on the 10-year US Treasury note climbed to its highest level in nearly two decades. After briefly falling below $83,000, BTC struggled to reclaim $84,500. Ondo Finance (ONDO), meanwhile, was among the top-performing altcoins. Key points: Bitcoin briefly fell below $83,000 before stabilizing … Read more
The crypto treasury model has largely lost its early advantage, with most digital asset treasury (DAT) companies no longer commanding the premiums that allowed them to raise capital and accumulate more crypto without diluting existing shareholders, according to a new report from DWF Ventures. The report, published Thursday, found that only four of the 20 … Read more
Shielded Bitcoin is a proposal put forward by [[alloc] init] researchers Clara Shikhelman, Misha Komarov, and Aleksei Moskvin for a novel privacy metaprotocol on the Bitcoin base-layer to enable shielded Bitcoin transactions without requiring operators, soft forks or other changes to Bitcoin consensus. You can find the whitepaper here and blog announcement here. The protocol … Read more
Austrian banking group Raiffeisen is rolling out bitcoin trading for its 18 million customers. The firm said in a Wednesday statement that it was working with brokerage Bitpanda as part of the initiative. Raiffeisen’s announcement comes as top banks worldwide launch crypto trading and custody services. BBVA, Santander’s Openbank, Germany’s cooperative and savings banks, SoFi, … Read more