Crypto exchange Bitget says $352 million affected in a hack, claims user funds are 'safe'
Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements.
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Federal Reserve Unveils Stablecoin Rules on Reserves and Capital
The central bank opened two proposals for comment under the GENIUS Act, requiring issuers it supervises to back tokens fully with safe assets and creating an application process for banks seeking to issue stablecoins.
Bitget confirms $352M security breach, suspends withdrawals
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected.
CFTC updates guidance on tokenized assets, blockchain records after failed vote
Although the CFTC chair did not say the failed vote on the CLARITY Act was behind new rules for authorized crypto entities, he said the move was “to provide regulatory clarity.“
Report: US Weighs Overseas Push for Dollar Stablecoins to Boost Treasury Demand
The GENIUS Act established reserve requirements that could link wider stablecoin circulation to demand for dollars and short-term Treasuries.
Bitget confirms $387.5 million security breach affecting exchange hot wallets
Bitget said private keys were not compromised and that losses from the incident will be covered by its User Protection Fund.
Why TRON’s $30 trillion lifetime volume could become a trap
The network total covers all assets since launch; the DAO separately cites about $6 trillion in USDT transfers this year.
Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets
A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour.
SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech
Bitcoin Magazine SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech The outgoing regulator took aim at how regulators collect crypto users’ data. This post SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech first appeared on Bitcoin Magazine and…
Bitget Exchange Reportedly Hacked For Over $170 Million
Crypto exchange Bitget has been hacked for over $350 million. The hack was identified after users reported withdrawal problems. Initial on-chain data showed roughly $176 million moving from wallets labelled as belonging to the exchange. Arkham data shows a series…
Fed proposes GENIUS Act rules for stablecoin reserves and bank issuers
The Federal Reserve has released two proposed GENIUS Act rules covering the assets that must back payment stablecoins and the approval process for banks seeking to issue them through subsidiaries. The Federal Reserve Board said in a Sep. 24 release…
xStocks adds Ledger hardware wallet support for tokenized shares
Payward and Ledger have partnered to bring xStocks into Ledger’s self-custody wallet services, with a deeper integration planned for eligible users of tokenized shares. How xStocks will work with Ledger wallets According to Payward’s Sep. 24 announcement, the companies are…