The post Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack appeared first on Coinpedia Fintech News
About $350 million was stolen from Bitget on September 24, according to CEO Gracy Chen. She said the exchange can absorb the loss and handle a potential surge in withdrawals when they resume. Chen compared Bitget’s retail trading volume with Bybit’s, saying that if Bybit could withstand a $1.5 billion loss, Bitget could manage a …
Key Takeaways Blink Wallet says a “few dozen” custodial accounts were hit, but the vast majority of funds stayed safe. Blink paused services Sept. 19, adding another headache to a rough stretch for Lightning Network […]
Key Takeaways Blockstream paused the Liquid network layer two (L2) after roughly 4,000 BTC, worth $320 million, was withdrawn by so-called white hat hackers on Sept. 6. Sideswap’s Elements bug raises new security concerns after […]
The post Syscoin Pauses Bridge After Exploit Creates 5B Unauthorized SYS appeared first on Coinpedia Fintech News Syscoin has paused its Bridge after a security incident that resulted in the creation of approximately 5 billion […]
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