BitMEX Shutdown Update: Live Support Now Lists Manual Web Withdrawals and Ethereum-Only USDT/USDC/ETH

BitMEX is now a withdrawal-only environment, and its current live support documentation is more restrictive than the older schedule wording.　　The closure FAQ originally said two technical changes would take effect on:　　September 28, 2026 at 04:00 UTCAPI withdrawals disabled;USDT/USDC/ETH multi-network fungibility removed.　　However, BitMEXs newer live withdrawal-limitations page already states those restrictions as the current operating state.　　Following WikiBits policy of using current official operational status rather than an older scheduled description, this page treats the restrictions as already in effect.Current withdrawal state　　BitMEXs support page currently says:Manual web only　　API withdrawals are disabled.　　Users must submit withdrawals through the web account portal.　　This removes automated/institutional workflows that depend on:BitMEX API;Fireblocks integration;Copper integration;internal treasury automation.Ethereum-only for three assets　　Asset fungibility across multiple networks has been removed.　　BitMEX says:USDT;USDC;ETH;　　are available for withdrawal only via:　　Ethereum　　Users must verify the destination supports the Ethereum version of the asset.Why WikiBit is using the live support state　　The closure FAQ and the current limitations page are both BitMEX sources.　　The older FAQ describes a planned date.　　The current operational page describes what restrictions are currently in place.　　When those conflict, a current service-status page is the more relevant source for users trying to withdraw now.　　WikiBit therefore does not tell users that API withdrawals remain available merely because an older

• 13 hours agoIndustry Research

CoinEx Shutdown: September 29 Spot Closure and Non-USDT Disposal Deadline Is One Day Away

CoinEx is less than one day from the most consequential stage of its orderly exchange shutdown.　　At:　　September 29, 2026 at 02:00 UTC　　CoinExs published wind-down reaches the spot and asset-processing phase.　　For many users, this is more important than the later December 22 general withdrawal deadline.What changes September 29　　The wind-down plan says:all spot trading ends;unfilled spot orders are cancelled;remaining CET is automatically repurchased;CoinEx Smart Chain (CSC) ceases operations;OneSwap ceases operations;the related cross-chain bridge/redemption process ends;remaining non-USDT assets begin disposal/processing.Original-form asset deadline　　CoinEx says users who want non-USDT balances in the original token form should withdraw before:　　02:00 UTC on September 29　　Afterward, assets with external-market liquidity may be sold outside CoinEx and the net proceeds credited in:　　USDT　　This changes the users economic position from:ownership of token X;　　to potentially:a USDT claim resulting from CoinExs disposal of token X.Illiquid assets carry greater risk　　If an asset lacks sufficient external-market liquidity, CoinEx says it may be gradually delisted and the platform may stop maintaining the relevant wallet/custody support.　　This is more severe than a normal forced conversion because there may not be enough external market depth to complete a reasonable sale.　　Users holding thinly traded tokens face the highest residual risk.CET automatic repurchase　　CoinEx has been running a CET buyback at:　　0.005 USDT per CET　　The

• 13 hours agoIndustry Research

Bitvavo Converts Remaining KAVA, XNO and RVN to EUR on September 28

Bitvavos delisting of KAVA, XNO and RVN reaches its final balance-conversion stage on September 28.　　Users who left any of the three assets on Bitvavo after the September 18 trading and withdrawal cutoffs no longer control the execution.　　Bitvavo says remaining balances will be:　　automatically converted to EUR on or before September 28, 2026.Delisting timeline　　Bitvavos official timeline was:September 18, 13:00 CEST　　Deposits closed.September 18, 14:00 CEST　　Buying and selling ended.September 18, 15:00 CEST　　Withdrawals closed.September 28 or earlier　　Remaining balances automatically converted to EUR.　　The September 28 stage is therefore the final settlement step, not the day trading first stops.KAVA and RVN had a withdrawal route　　Before the September 18 cutoff, users could withdraw:KAVA;RVN;　　to compatible external wallets/exchanges.　　Users who did so retained control over the original asset.　　Users who left balances behind accepted the platforms residual conversion process.XNO was trade-only　　Nano (XNO) was different.　　Bitvavo describes XNO as a trade-only asset, meaning withdrawals were not supported.　　That left XNO users with fewer exit choices:sell before trading ended;otherwise receive the automatic EUR conversion.　　This distinction makes the forced-conversion mechanism materially more important for XNO than for an asset that could still be self-custodied before the deadline.Conversion price is not specified in advance　　Bitvavo does not promise a fixed EUR conversion rate in the delisting notice.　　The platform sells

• 13 hours agoIndustry Research

Kraken Forced Liquidations Begin for H, HUMANITY, BDX and BELDEX

Kraken begins automatically liquidating remaining balances associated with two post-incident token migrations on September 28.　　The affected Kraken tickers are:H — legacy Humanity token;HUMANITY — replacement Humanity token on Kraken;BDX — legacy Beldex token;BELDEX — replacement Beldex token on Kraken.　　Withdrawals for all four closed on:　　September 25, 2026 at 14:00 UTC　　Remaining balances now enter a platform-controlled liquidation period from:　　September 28 through October 2, 2026Why these are migration balances　　Both token pairs arose from earlier security/contract incidents.Humanity　　The Humanity team deployed a replacement token after the legacy H incident.　　Kraken:kept legacy H under ticker H;used HUMANITY for the new token so users could distinguish the contracts;credited eligible snapshot holders 1:1.　　The snapshot was:　　June 8, 2026 at 17:25 UTC　　The HUMANITY airdrop was scheduled for:　　July 1, 2026 at 14:00 UTCBeldex　　Beldex deployed a replacement token after the incident affecting legacy BDX.　　Kraken:kept legacy token under BDX;used BELDEX for the replacement token;credited eligible snapshot holders 1:1.　　The BDX snapshot was:　　June 10, 2026 at 23:36 UTC　　The BELDEX airdrop occurred:　　July 10, 2026 at 14:00 UTCThe withdrawal decision is already over　　Before September 25, users who wanted to keep the actual tokens could withdraw.　　That window has closed.　　The risk today is therefore not “should I withdraw before liquidation？”　　It is:　　How will Kraken execute the residual balance when the user

• 13 hours agoIndustry Research

Bitget Hack Update: BTC Withdrawal Test Starts Sep. 28 as Stolen Funds Move Through THORChain

Bitgets September 24 security incident has entered two simultaneous phases:exchange recovery, with BTC withdrawals scheduled to restart on September 28 at 08:00 UTC;on-chain laundering, with attacker-linked assets increasingly converted and consolidated into Bitcoin.　　These two tracks must be evaluated separately. Bitget can fix the backend flaw and restore customer withdrawals while the attacker continues moving assets already stolen from the exchange.BTC withdrawals are the first live recovery test　　Bitgets official schedule says:Sep. 28, 08:00 UTC: BTC / Bitcoin;Sep. 29, 08:00 UTC: ETH on Ethereum, BSC, Arbitrum, Base and Optimism;Sep. 30, 08:00 UTC: USDT on Ethereum, BSC, Solana and Tron;Oct. 2, 08:00 UTC: other tokens, fiat and P2P.　　This report is published before the first 08:00 UTC milestone.　　Therefore, WikiBit records the status as:　　Scheduled — not yet verified operational.　　The next evidence is an actual user withdrawal broadcast to Bitcoin and sustained processing without another emergency pause.What Bitget says is fixed　　Bitget says:the wallet-backend vulnerability has been identified;it has been remediated;the incident is contained;no further unauthorized transfers are possible through the identified path;customer account balances are unaffected;deposits and trading continue;Mandiant and SlowMist continue to assist.　　The exchange has ruled out a private-key compromise and describes the failure as a backend system spoofing transaction data into the authorization process.The

• 13 hours agoIndustry Research

Wikibit Crypto Risk Monitor — September 28, 2026

September 28 is primarily an execution-risk day. No newly verified exploit in the latest scan exceeds the security events already under active monitoring, but several exchange users are entering irreversible platform-controlled actions: Bitget is due to test the first phase of its post-hack withdrawal restoration; Kraken starts liquidating four migrated-token balances whose withdrawal windows have already closed; Bitvavo is converting residual KAVA, XNO and RVN to EUR; CoinEx is less than one day from ending spot trading and beginning disposal of non-USDT balances; and BitMEXs live support documentation now describes withdrawals as manual-web-only with USDT, USDC and ETH restricted to Ethereum.　　The most important security development remains Bitget. BTC withdrawals are scheduled to reopen at 08:00 UTC on September 28, later than this reports publication cutoff. The exchange says the wallet-backend vulnerability behind the September 24 breach has been remediated and that account balances are unaffected. The first successful BTC withdrawals will therefore be the first externally observable test of the recovery plan, rather than another statement of intent.　　At the same time, the attacker‘s assets continue moving. A detailed public chain reconstruction using Bitget’s published attacker addresses found the original stolen XRP had effectively been moved out of the large initial

• 13 hours agoIndustry Research

After the CLARITY Act’s Senate Setback: What Comes Next for US Crypto Rules?

Evidence at a glance: This is event analysis of the September 15 vote and subsequent reporting, not a guide to enacted obligations. A failed procedural vote does not make the proposal permanently dead.　　On September 15, the Senate failed to advance the Digital Asset Market Clarity Act in a procedural vote. The measure needed 60 votes to move forward. It received 49. The recorded result was 49–50, according to contemporaneous reporting. This was a procedural barrier, not a final vote enacting or permanently rejecting the entire proposal. Vote report The immediate partisan explanations were predictable. Republican supporters said Democrats blocked a bipartisan market-structure bill despite major concessions.　　Democratic senators said unresolved ethics, law-enforcement, national-security and gambling issues made the bill unacceptable in its final form. A September 27 CoinDesk investigation based on interviews with more than a dozen industry participants and legislative aides described a more complicated failure. CoinDesk‘s analysis The bill’s collapse appears to have come from a combination of drafting structure, negotiation timing, ethics disputes, prediction-market concerns, law-enforcement questions, industry lobbying and the approaching midterm election.　　That makes the failure more important than one lost vote. It shows why comprehensive U.S. crypto legislation remains difficult even when both parties say they

• 15 hours agoIndustry Research

Altcoin Breadth at a Reported 87%: Broad Recovery or an Overheating Signal?

Evidence at a glance: The 87% reading and $371 billion market-cap change are attributed to Darkfosts analysis, reported September 27. They are not a live, independently reconstructed WikiBit dataset.　　The September 27 breadth report suggests that participation in the measured altcoin sample has widened beyond a small group of winners. According to Darkfosts analysis, as reported on September 27, approximately 87% of the Binance-listed altcoins in the measured sample were trading above their respective 200-day moving averages. This is a dated, attributed observation rather than a live market reading. Reported analysis Earlier in the summer, the market looked almost inverted.　　Darkfosts previous work showed that roughly four-fifths of Binance-listed altcoins were below the same long-term trend measure. Over the period described in the report, TOTAL2 — the TradingView index tracking crypto market capitalization outside Bitcoin while still including Ethereum — has increased by roughly $371 billion since June, or about 45%. Reported market-cap figures That is a broad recovery. It is also exactly the kind of market structure that can evolve from healthy participation into euphoria.　　The key analytical mistake is to treat broad participation as automatically bullish at every stage. Breadth tells us how many assets are participating. It does not tell

• 15 hours agoIndustry Research

THORChain and Bitget: What the Power to Pause Means for Decentralization

Evidence at a glance: Bitgets loss figure comes from its September 25 statement. The dispute is described in September 27 reporting; technical claims about halt controls are checked against THORChain documentation.　　The Bitget hack has created a much larger argument than whether one protocol should blacklist one wallet. It has exposed a core distinction between permissionless operation and the technical ability to intervene. Bitget said that approximately $387.5 million had been transferred to attacker-controlled addresses during its September 24 security incident. Its September 25 update said the upward revision reflected more complete accounting, not additional theft. Bitgets statement　　September 27 reporting described a dispute over routing funds associated with the incident through THORChain. It reported that Bitget sought intervention, THORChain defended permissionless operation, and OKX founder Star Xu challenged the comparison with Bitcoin. These positions are attributed to that reporting. Dispute coverage A separate, verifiable technical question is whether THORChain has operational controls for emergencies. The protocols own documentation confirms that such controls exist. The dispute raises a concrete governance question:　　If a protocol can stop, but chooses not to stop, is that censorship resistance — or a governance decision？THORChain Is Not Architecturally the Same as Bitcoin　　Bitcoins base-layer consensus does not require a

• 15 hours agoIndustry Research

Robinhood Chain’s Reported $18.4M Extraction: The Risk Behind Launchpad Exemptions

Evidence at a glance: Wazzs $18.43 million estimate covers 53 launches. The Block reported checking launch mechanics for 10 tokens, not independently reproducing the full total. WikiBit has not performed a new transaction-level audit.　　A September 27 report on Robinhood Chain token launches puts a specific design choice under scrutiny: who can bypass a launchpads opening protections. It has also become a case study in how a launchpad feature designed to help projects coordinate opening liquidity can be turned into an extraction mechanism. On September 27, pseudonymous onchain analyst Wazz published an investigation alleging that one coordinated operation extracted at least $18.43 million from 53 token launches on Robinhood Chain between July 10 and September 21.　　The Block independently reviewed the onchain activity for 10 Pons V2 launches on Wazzs list and confirmed a recurring pattern:token creators exempted a specific set of wallets from the launchpads anti-sniping tax;those wallets bought most of the token supply within seconds of launch;the opening purchases pushed the token into a Uniswap pool;the same cluster then sold into public buyers.　　The Block also traced a specific flow connecting proceeds from one launch, DRAFT, to wallets that later funded another token, DEED. However, The Block did not independently reproduce

• 15 hours agoIndustry Research

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