Crypto Hacks Hit $2.7B in Nine Months as Q3 Topped First Half
Third-quarter crypto losses of $1.365 billion exceeded the first half's total. September alone saw $768 million drained, led by Bitget and Liquid Network.
Third-quarter crypto losses of $1.365 billion exceeded the first half's total. September alone saw $768 million drained, led by Bitget and Liquid Network.
September crypto hacks hit $766 million, but hackers returned $270 million from Liquid Network. Net losses: $496 million. Bitget and Liquid made up 92%.
Bitget's attacker sent test transfers worth $480 to probe security 27 minutes before stealing $388 million across five blockchains on September 24.
Validator support briefly dropped below 80%, resetting the entire two-week countdown. The BatchV1_1 feature now activates October 9 instead of Sept 29.
Circle and Tether froze $318,000 from the $387.5M Bitget hack while $157M in XRP remains beyond any centralized freeze due to XRP Ledger architecture.
Bitget's $351.6M breach on September 24 pushed monthly crypto losses past $684M, making it 2026's costliest month and reversing August's trend.
Bitcoin volume just hit a 2023 low while open interest held above its two-year average. K33 warns the quiet market is primed for liquidation moves.
JPMorgan and others projected up to $6 billion for Solana ETFs in year one. The funds just logged five straight sessions of zero net creations.
SKYAI fell 46% in a day, but on-chain analysts saw it coming: nearly all its supply sits in linked wallets, and four AI tokens already crashed.
ICE, owner of the NYSE, and crypto exchange OKX launched a 50-50 venture, led by Andrew Cuomo, to give 120 million users access to ICE futures and tokenized NYSE stocks. Wall Street is now building the rails itself.
ZachXBT alleges insiders controlling 90% of supply engineered a short squeeze that caused $44 million in liquidations. RAVE has dropped over 50% from its $27 peak.
A new Bitget Wallet and Polymarket report shows monthly prediction market volume hit $25.7 billion in March, up from $1.9 billion a year earlier. Retail users drove over 80% of the activity, and the average user is now active four times more often than they were three months ago.
The onchain investigator who exposed RAVE's collapse is now questioning MemeCore's $6 billion valuation. Bubblemaps data shows heavy wallet concentration, and ZachXBT claims insiders control over 90% of the M token supply.
Pi Network's Protocol 22.1 deadline hit on April 27, automatically disconnecting nodes that failed to upgrade. Protocol 23 — the upgrade that brings smart contracts to Pi — has been pulled forward to May 11, a week earlier than originally announced.
A $13 million market cap token printed a 97% daily candle. The move landed on no news, no whale activity, and no official announcement.
The same investigator who crashed RAVE is now offering $10,000 bounties for LAB market-making contracts. The founders ran a token that dropped 93% before this one.
Bitget operates within the evolving centralized exchange landscape, integrating spot and derivatives trading infrastructure, copy trading systems, liquidity aggregation models, risk management frameworks, token listing dynamics, user incentive mechanisms, and the role of centralized platforms in shaping digital asset market access, all examined through a data-driven lens and broader market context.