
Bitget Traces Its $388M Theft to a Zero-Day in a Vendor's Tool
Bitget's chief executive said the attacker used a flaw in a third-party security product to obtain admin credentials, then tested the risk system with 0.184 ETH.
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Bitget's chief executive said the attacker used a flaw in a third-party security product to obtain admin credentials, then tested the risk system with 0.184 ETH.

Three outlets read Monday's tape at three different hours and got $84,466, $83,244 and $82,742. One of them contradicts itself inside a single report.

Jeff Yan says the next network upgrade lowers the perpetual funding ceiling eightfold and doubles both HIP-4 deployment quotas. No date was given for it.

Withdrawals reopen in four stages from Monday, starting with bitcoin. The revised total is a recount, not fresh theft, and equals about 84% of the protection fund.

Deribit settled one of its largest expiries of the year at 08:00 UTC with bitcoin just above $84,000. Five outlets read the notional differently.

The exchange says its $464 million protection fund covers the loss and that private keys were not taken. Withdrawals are still paused, with no timeline given.

The 10-year Treasury yield ran past 5.1% on Wednesday and bitcoin gave up $87,000. Outlets do not agree on how much of the long side was liquidated.

Trading and deposits stopped at 04:00 UTC on Wednesday. Withdrawals remain open, and balances left behind start paying an account fee.

Open interest on the perpetuals venue reached $18 billion on Wednesday, four days after a $16.36 billion record. Markets with no crypto in them are doing much of the growing.

CME Group will add standard and micro futures on Bitcoin Cash and Uniswap's UNI on 19 October, pending regulatory review.

Bitcoin traded above $85,000 on 21 September for the first time since late January. More than $750 million in leveraged positions were liquidated, most of them short bets, as the price climbed.

The filing covers roughly 50 to 60 contracts on stocks including Apple and Nvidia. No launch date is published and no account carries the full list.