Bitget CEO Expects Little Recovery From $388M Hack
Bitget says about $1.1 million has been frozen after its $388 million hack, while its protection fund is replenished and investigators trace the breach.
Andrew Collins focuses on trading activity, exchange liquidity, and short-term market dynamics in digital assets. His reporting examines price volatility, derivatives markets, and the role of institutional traders in crypto price discovery. He frequently analyzes order flow, leverage trends, and macro-driven market movements affecting Bitcoin and major altcoins. Based in Singapore, Andrew closely tracks developments across global crypto trading hubs.
Bitget says about $1.1 million has been frozen after its $388 million hack, while its protection fund is replenished and investigators trace the breach.
BitMart proposes liquid distributions and two recovery tokens after acknowledging a hack-linked deficit, with repayment estimates and court approval still pending.
Cboe Global Markets and S&P Dow Jones Indices have signed a 25-year extension to their exclusive licensing deal, securing Cboe's rights to S&P 500 index options…
Stani Kulechov says AAVE burns are under consideration for Aavenomics 3.0, potentially changing how the protocol handles tokens acquired through buybacks.
Bitget has initiated a phased rollout to restore withdrawal services following a $387.5 million exploit, confirming that its $464 million Protection Fund will absorb all financial…
BlackRock has collaborated with Ondo Finance to launch three tokenized model portfolios, bringing institutional asset allocation strategies on-chain through single transferable tokens.
BlackRock sees stablecoins as payment tools for AI agents, while a cited simulation study points to Bitcoin as a possible longer-term store of value.
Weekly global NFT sales volume contracted to $37.54 million despite a massive surge in unique wallet participation, driven by a sharp pullback in Bitcoin-based NFT trading…
Buterin argues that automated formal verification can give software defenders a structural advantage by mathematically proving system security.
The bank highlights Arbitrum's positioning as the preferred infrastructure for traditional financial institutions moving assets on-chain, projecting massive revenue expansion as real-world asset tokenization accelerates.