KelpDAO sued LayerZero and co-founder Bryan Pellegrino over security failures that caused an rsETH bridge exploit earlier in 2026. Separately, Bitget disclosed a $351.6 million breach of its hot wallet system, with user funds protected by its $464 million Protection Fund and withdrawals paused pending investigation.
Bitget, a centralized cryptocurrency exchange, suffered a breach affecting approximately $351.6 million in assets from its hot and warm wallets on September 24, 2026. The exchange says cold wallets remain secure and user funds are protected by its $464 million Protection Fund, with withdrawals temporarily suspended pending a security review.
Bitget's $464M Bitcoin Protection Fund will cover losses from a hot wallet hack, while BlackRock ETF clients purchased $162.63M in Bitcoin. Glassnode noted this is the first Bitcoin bear market where BTC never closed below its realized price.
DeFi discourse on X discusses market cycle differences, privacy infrastructure for institutional crypto finance, exchange security vulnerabilities linked to North Korean hackers, and an oversubscribed token sale for AXIS Robotics exceeding registration limits.
Bitget announced its Protection Fund holds 5,500 BTC ($464M) to cover user losses from security incidents, with all wallet addresses publicly verifiable on-chain. Crypto investors on X predicted Bitcoin's decade bottom has arrived, with forecasts of $170,000+ by 2028 and speculation that bond market intervention could trigger a Bitcoin super cycle.
Bitget exchange suffered a $351.6M hack on September 24, 2026, with unauthorized transfers from hot and warm wallets. The exchange claims its Protection Fund covers the loss, though withdrawals remain frozen while the incident is investigated. The post also discusses address poisoning risks in crypto transactions and mentions Americanfort_io's alternative security approach using unique stealth addresses.
X users discussed Ethereum developments including The Clearing House's $2 trillion daily settlement operations now operating on Ethereum with Quant technology, a $351.6 million hack of Bitget exchange, high Ethereum gas fees delaying Peniwallet deployment, and technical analysis of an AI-crypto convergence asset.
Bitget's security team detected unauthorized transfers of approximately $351.6 million from hot wallets on September 24, 2026. The company ruled out private key compromise, confirming the breach resulted from compromised backend systems used to spoof transactions. All user funds are covered by Bitget's protection fund, and withdrawals are temporarily suspended pending security review.
Social media discussions highlight DeFi innovations: XO's prediction market platform enables users to create custom markets starting at $10 with 20% fee-sharing incentives, mirroring YouTube's creator model. Circle faced criticism for not freezing stolen USDC during a $350M Bitget hack, while Ondo partnered with BlackRock to offer tokenized investment portfolios combining stocks and ETFs with DeFi functionality.
A prominent DeFi analyst argues that decentralized finance has matured beyond isolated experiments, with major institutions like Galaxy Digital, Coinbase, and BlackRock now directly integrating DeFi protocols into traditional finance infrastructure. The post also covers a $351.6M hack of Bitget exchange in September 2026, the costliest crypto breach that month, with CEO assurances that user balances will be protected by their insurance fund.
A major cryptocurrency hack resulted in over $350 million stolen from Bitget, with the hacker converting funds to Ethereum. Social media discussions highlight security concerns in the crypto space and platform updates from Telcoin and FinanceBlue.
Bitget cryptocurrency exchange suffered a major security breach with over $200 million in funds stolen, with hackers converting assets to Ethereum while withdrawals remain blocked. The incident has drawn comparisons to the 2022 FTX collapse, while discussions also covered Tether's shift to Solana and various Ethereum price predictions.
DeFi discussion from September 24, 2026 covering cross-chain swapping infrastructure via STONfi's Omniston resolver-based model, security concerns about recent exchange hacks including a $175M Bitget breach attributed partly to LLM misuse, and analysis of UFG as a deflationary treasury asset on Robinhood.
X users discuss stablecoins and tokenized assets on Solana, with posts covering tokenized stocks, privacy infrastructure campaigns, cross-border payments in Africa, a reported $170M Bitget security incident, regulatory frameworks for stablecoin issuers, and U.S. Federal Reserve proposals allowing banks to issue crypto stablecoins.
A cryptocurrency analyst reports substantial unauthorized outflows from Bitget exchange totaling approximately $134.44M in ETH, USDT, USDC, and AVAX transferred to unknown wallets on September 24, 2026. The funds were rapidly converted to ETH and distributed further, with the exchange's API reporting Ethereum withdrawal restrictions, though Bitget has not confirmed whether the transfers constitute a security breach.
Bitget exchange was reportedly hacked for approximately $170-200 million, with attackers accessing multiple hot and cold wallets and converting stolen assets to ETH. Users experienced withdrawal issues while the exchange had not officially confirmed the breach.
X discussions on September 24, 2026 cover a major breach at crypto exchange Bitget affecting $180M in assets across hot and cold wallets, alongside regulatory developments including the US Federal Reserve's proposed GENIUS Act framework for bank-issued stablecoins and the CFTC's expanded guidance on crypto use in regulated markets. Major financial institutions including BlackRock, IBM, Franklin Templeton, and UK banks are advancing blockchain-based tokenized assets and stablecoin initiatives.
The CFTC updated its crypto guidance to allow US brokers to invest customer funds in tokenized assets and maintain records on-chain, while stablecoins remain prohibited as margin for uncleared swaps. Separately, cryptocurrency exchange Bitget reportedly suffered a $170 million hack involving ETH, AVAX, BNB and stablecoins. AmericanFortress launched a contribution campaign distributing $15,000 in stablecoins to top content creators.
Kylie Kim discusses how ETFs can simplify investment research by providing market-level and sector-level views before drilling into individual stocks. She highlights Bitget's new ETF Earn feature, which bundles ETF products like SPY, IWM, TLT, EWY, and SOXX with integrated yield, dividend, performance, and portfolio data in a single research workflow.
X posts discuss RWA (Real World Assets) ecosystem developments, including MPC Global's 256K+ on-chain transactions milestone, Bitget's ETF Earn product offering traditional assets like SPY and TLT, DualMint's claw machine revenue tokenization on Solana, and analysis of stablecoin expansion as a U.S. policy tool for dollar dominance and tokenization growth.