Security news
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Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps
The attacker behind the $387.5 million Bitget heist has started hiding about $3.8 million in ZEC inside Zcash's Ironwood pool, after Near Intents turned their swaps away.
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Abracadabra blames hacks for shutdown amid ‘looting’ claims
Embattled DeFi project Abracadabra has proposed “an orderly wind down,” blaming a string of security incidents which leave its stablecoin MIM with “no viable path back to parity.” The vote , set to close Wednesday evening, has received just two votes at the time of writing: 100 million SPELL votes...
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Could THORChain face prosecution over stolen Bitget funds?
THORChain will not — or can not — block addresses linked to the $387.5 million Bitget hack. Can the devs be prosecuted for money laundering? It’s complicated, says crypto lawyer Yuriy Brisov.
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FCA opens crypto authorization window ahead of 2027 UK regime
Crypto businesses should apply by Feb. 28, 2027, while existing money laundering registrations will not convert into FCA authorization.
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Bitget hackers move $4 million into Zcash’s private pool, making funds harder to trace
Three transfers pushed about 15% of the stolen ZEC into Ironwood, where payments hide their senders, recipients and amounts.
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SlowMist traces Bitget hack activity to Aug. 31 zero-day exploit
SlowMist identified malicious activity weeks before the Bitget theft, involving a zero-day vulnerability, two security products and a custom withdrawal tool.
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Bitget Customers Withdraw Over 4,000 Bitcoins in One Hour Following $388M Hack
Bitcoin Magazine Bitget Customers Withdraw Over 4,000 Bitcoins in One Hour Following $388M Hack Investors withdrew over 4,000 bitcoins worth over $334 million at today’s prices in one hour after hacked Bitget resumed customer withdrawals, the company’s CEO has said. Bitget CEO Gracy Chen told...
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SEC Sues Cryptoaiml and TSAI Over Alleged $15 Million AI Trading Scams
The U.S. Securities and Exchange Commission sued four Cryptoaiml and TSAI entities on Tuesday, alleging they took at least $15 million through fake artificial-intelligence trading schemes that used WhatsApp chats and false claims of SEC oversight to win investors’ trust. The agency filed two......
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Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach
Gracy Chen said she saw the 2025 Bybit hack as a “good reference point” for Bitget’s security breach, noting that only a small percentage of funds had been frozen or recovered.
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NEAR Intents Says It Froze $503,000 in Bitget Hack Funds
NEAR Intents' SHIELD risk system detected more than $50 million in attempted transfers linked to Bitget's Sept. 24 hack and blocked most from proceeding, according to general manager Alex Shevchenko. About $503,000 was frozen mid-execution. Roughly $166,000 passed through, Shevchenko wrote in...
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Ari Paul says Coinbase lost his $25M, covered up $1B in hacks
BlockTower Capital founder Ari Paul has accused Coinbase of losing $25 million of his company's funds while covering up over $1 billion worth of “massive and repeated hacks.” Paul claims that at least a dozen firms are affected by the alleged cover-up, and that Coinbase “still wouldn’t return our...
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$50 million in Bitget hacker swaps puts NEAR Intents’ ‘permissionless’ claim to the test
The swap service identified more than $50 million in attempted transfers, although most rejected funds subsequently moved through other providers.
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Nvidia unveils AI safety platform to rein in ‘rogue’ AI agents
The launch comes after several AI agents breached their testing environments this year, adding to calls for companies to slow the development of autonomous AI systems.
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NEAR Intents says it blocked $50M tied to Bitget hackers
The cross-chain protocol said it actively prevents stolen funds from being laundered, drawing a contrast with THORChain’s position that it does not selectively censor transactions.
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After AI Agent Hacked Its Government, Australia Calls Altman and Amodei to Testify
Senator Sarah Hanson-Young has invited the OpenAI and Anthropic CEOs to a Canberra hearing on October 1, after an OpenAI agent quietly accessed Australia's Medicare data and nobody said a word for months.
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The year’s second-largest XRP hack is spilling over to Bitcoin and Ethereum
The D’CENT wallet hack, the year’s second-largest drain of XRP behind the Bitget crypto exchange hack , has spilled beyond the XRP Ledger onto additional blockchains like Bitcoin, Ethereum, and Stellar. Hackers have drained more than 12.4 million XRP from more than 7,000 D’CENT wallets, still some...
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Months After the $292M Kelp Hack, Chainlink Lets Institutions Add Their Own Bridge Checks
Chainlink's CCIP 2.0 lets banks run their own security checks on cross-chain transfers, five months after a rival's setup lost $292 million to hackers.
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Bitget attacker tested risk controls with small transfers before $388 million theft, CEO says
Bitget's attacker ran two small test transfers half an hour before draining $388 million, CEO Gracy Chen says.
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Bitget CEO says $388M hack exploited third-party security vulnerability
Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered as investigators continue to assess a possible North Korea link.
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AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns
AI agents could trigger a bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives, Slok warns.
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Chainlink updates its crypto bridge tech months after a $292 million hack at a rival exposed risks
The new software lets companies add custom security checks so they do not fall victim to the same single-point-of-failure vulnerabilities that plagued rival bridges.
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Bitget Reopens Bitcoin Withdrawals After $387.5 Million Breach
Bitget said it resumed bitcoin withdrawals at 4 a.m. ET on Sept. 28, four days after a wallet breach the exchange estimates involved approximately $387.5 million in unauthorized transfers. The exchange's public API listed BTC withdrawals on Bitcoin and BSC as enabled when checked on Sept. 28,...
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Fake GIWA Layer 2 Bridge Drained of 766 ETH
A fake Layer 2 impersonating Upbit-backed GIWA had 766.25 ETH, roughly $2 million, drained from its Ethereum bridge on Sept. 27 after decentralized exchange DYORSWAP mistook it for the genuine network. An Ethereum transaction records the transfer from the bridge at `0xbA9938…435ab2` to... Read the...
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THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to the $387.5 million theft.
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THORChain refuses to block Bitget funds, despite pausing after own hack
DeFi project THORChain has turned down a formal plea to “refuse service” to addresses associated with the recent hack of Bitget, a centralized crypto exchange which lost over $380 million on Thursday night. The decision comes four months after THORChain halted trading after it was hacked for $10...
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Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain
Ether withdrawals are scheduled to return Tuesday and USDt on Wednesday as Bitget restores services following last week’s $388 million hack.
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California Gov. Gavin Newsom bans public officials from launching memecoins, takes aim at Trump
Newsom signed several other bills, including one intended to set clearer rules for restitution when investors lose money in crypto scams.
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Scammers steal $2M in ETH as fake GIWA network fools DYORSWAP
DYORSWAP said it paid more than 200 ETH in compensation, while Upbit operator Dunamu’s GIWA warned that its mainnet had not launched.
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Bitget starts phased withdrawal resumption following $388 million exploit
The exchange said it has patched the vulnerability, and losses from the incident will be fully covered by a user protection fund.
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Zano rolls blockchain back a month after Gateway Address exploit
The Zano blockchain has been restarted at the block height that came immediately before Hard Fork 6, which introduced Gateway Addresses.