Bitget Raises Breach Loss Estimate to $387.5M, Offers Bounty
The revised loss estimate includes Zcash and TRON assets missed in the initial accounting, while withdrawals remain suspended pending security checks.
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The revised loss estimate includes Zcash and TRON assets missed in the initial accounting, while withdrawals remain suspended pending security checks.
Closing the marketplace did not cancel onchain permissions, so former users may still need to revoke access to protect assets held in approved wallets.
The weekly rebound eclipsed the previous 2026 high of $1.92B after inflows slowed to just $6M the prior week.
The reported $350M Bitget breach would make the latest incident a major addition to a year already marked by more than $1B in crypto theft attributed to North Korean hackers.
The move puts long-term borrowing costs and risk-asset valuations in focus, as markets absorb a yield level not seen in two decades.
Zero-knowledge proofs could let users satisfy regulatory checks without handing over personal data, reducing the risk that sensitive information is exposed in a breach.
The increase from $351.6M reflects additional Zcash and TRON assets found during tracing, not new theft; Bitget has set a deadline for its withdrawal plan.
More than doubling from the start of the year, activity highlights prediction markets’ accelerating adoption, with Kalshi driving most of the latest increase.
The move links USDe's backing strategy to equity-linked derivatives, broadening the instruments involved in its design.
Bitcoin still captured about 74% of the week's inflows, but nearly $793M went to Ethereum, Solana, XRP and Zcash products.
The freeze reaches only a small share of the $351.6M haul: more than 63,000 ETH remains in exploiter addresses beyond stablecoin issuers’ control.
The five-year exemption creates a regulated test, but the failed Senate vote on broader digital-asset legislation leaves U.S. market rules less durable.
The strategy moves beyond crypto-native assets by pairing tokenized stock collateral with USDT-denominated equity perpetuals.
The launch connects traditional equities to onchain credit, with access limited to eligible non-U.S. users and borrowing constrained by asset-specific risk limits.
Six straight sessions of ETF inflows and whale accumulation underpin the rebound, while $85,000–$86,000 resistance remains the near-term test.
The weekly roundup pairs a major exchange security incident with growing institutional and retail access to blockchain-based financial services.
ETF inflows have exceeded realized profits, while exchange outflows and continued Ether ETF demand add to the constructive market picture.
The figures show two different growth leaders: Tron added the most stablecoin supply in dollar terms, while HyperEVM posted the sharpest percentage increase.
The move extends USDe's delta-neutral strategy beyond crypto, as Binance equity perpetuals show growing activity and Ethena targets a much larger global equities market.
The chain’s recovery does not reopen Kraken’s trading or funding routes, leaving exchange customers subject to separate restrictions with no posted end time.