Bitget Hack Update: XRP, Bitcoin, and North Korean Link

Chainalysis has attributed the $387 million Bitget theft to North Korean hackers. The firm said the attack lifts the value of crypto stolen by DPRK-linked actors this year above $1 billion.  North Korean attackers reportedly used a cross-chain swap to convert stolen XRP into Bitcoin and kept the tokens away from exchanges.  Sponsored  Sponsored  Drift, KelpDAO and Now Bitget  Bitget joins 2 April attacks that firms had already tied to North Korea. Hackers drained $285 million from Drift Protocol on April 1. Drift said the operation involved months of social engineering, including in-person meetings.  On April 18, attackers took $292 million through a KelpDAO bridge exploit. TRM and LayerZero both linked that attack to TraderTraitor, a Lazarus-affiliated unit.  Together, the 2 hacks made up 76% of all crypto hack losses through April, according to TRM. Chainalysis said Bitgets $387 million brings the overall 2026 haul to over $1 billion. In 2025, DPRK actors stole over $2 billion from the crypto industry.  Chainalysis said faster tracing is becoming essential.  “The ability to quickly identify and understand illicit activity is increasingly important as North Korea increasingly uses sophisticated automation to move and obscure stolen funds,” Chainalysis said.  Bitget CEO Gracy Chen had already pointed to North Korea shortly after the breach. She

1 ہفتوں کے اندرانڈسٹری

Crypto's Layoff List Grows as Anchorage Digital Reportedly Trims 17% of Its Workforce

Anchorage Digital, the first federally chartered US digital asset bank, has reportedly laid off 17% of its staff. Chief Executive Nathan McCauley told employees about the cuts this week, according to The Information.  The report cited people familiar with the matter and tied the layoffs to a year-long crypto market slump. Anchorage has not publicly commented on the reduction.  How Many Jobs Anchorages 17% Cut Could Reach  McCauley put the global workforce at about 400 people in congressional testimony in February 2025. If staffing held near that level, a 17% cut would affect roughly 68 jobs.  Sponsored  Sponsored  The real figure may differ since headcount could have shifted since then. BeInCrypto has contacted Anchorage Digital for comment.  The company has made deep cuts before. In 2023, Anchorage laid off 20% of its workforce. McCauley later said that being cut off from banks contributed to that decision.  Follow us on X to get the latest news as it happens  From Bitwise to Coinbase, Cryptos Job Cuts Keep Coming  Anchorage joins a long line of crypto firms that have cut staff in 2026. Gemini shrank its workforce by about 30%, while Crypto.com cut 12% in March.  Coinbase then announced it is eliminating about 700 roles, or 14% of staff, in May. That same

1 ہفتوں کے اندرانڈسٹری

Mad Money Jim Cramer Has a Warning for Investors in October

Jim Cramer told investors to prepare for a potentially rougher third-quarter earnings season. The Mad Money host said companies may not deliver the strong numbers investors have grown used to.  The countrys biggest lenders go first. JPMorgan, Wells Fargo, Citigroup and Goldman Sachs are scheduled to report September-quarter results on October 14.  Sponsored  Sponsored  “We‘re on the verge of the earnings deluge and, this time, I don’t think we‘ll be getting the kind of strong numbers that we’ve become accustomed to,” Cramer stated.  Higher Rates Cloud the Q3 Earnings Season  Cramer tied his caution to rising borrowing costs and a Federal Reserve focused on bringing inflation down.  “Thanks to rising rates and [a Federal Reserve] that‘s determined to bring down inflation, we’ve got a much more difficult backdrop coming up for earnings season. I‘m not saying it’s impossible to make money owning stocks in this environment, but its certainly a lot harder than it used to be,” he said.  tough to keep a rally going when rates turn higher off of oil reversing and going higher… Tough tape even as we are very oversold  Cramer had already named higher rates as his biggest fear for the stock market. That concern goes back to September 16, when the Fed raised

1 ہفتوں کے اندرانڈسٹری

Bankers sue to overturn OCC trust-bank rule used by crypto firms

The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms.  American Banker reported that the complaint asked the court to vacate the OCCs national trust bank rule and Interpretive Letter 1176. It argued the agency exceeded its authority by widening limited-purpose trust charters for fintech and crypto firms.  ICBA says the OCC has approved or conditionally approved 21 trust banks, 13 of them tied to crypto.  Banks lost the applicant-by-applicant fight against crypto firms  Banking groups objected company by company, and the OCC kept approving. Five crypto-linked national trust applications, including BitGo, Fidelity Digital Assets, First National Digital Currency Bank, Paxos and Ripple-linked applicants, won decisions in December 2025.  Related Company BitGo Blockchain security company  Bridge, National Digital Trust and Foris DAX, the parent of Crypto.com, followed in February, Coinbase in April and Laser Digital in May. Agora, Catena and Bastion arrived Sept. 18, and several of these approvals are conditional or preliminary.  Related Company Fidelity Financial services company  The OCC finalized its national trust bank rule in February, effective April 1. It replaced the phrase “fiduciary activities” with the statutes broader wording, “the operations

1 ہفتوں کے اندرانڈسٹری

Hedge funds built a $1.2 trillion Treasury trade on money they have to keep borrowing

Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to make the return worthwhile.  Related Asset Bitcoin #1 BTC · $84,935.41 24-hour change: up 0.93% Loading price history… 24H Up 0.93% 7D Up 1.13% 30D Up 4.51%  The government gets another buyer, whose interest lasts as long as the trade pays.  The catch is that the loan can expire tomorrow while the trade needs longer to pay off. The governments ability to repay its debt doesnt solve the funds need to repay its lender.  This is the Treasury cash-futures basis trade, and the sums involved are large enough to reach well beyond the bond desk. Morgan Stanley estimated positions had fallen 20% this year to about $1.2 trillion, according to Sept. 24 reports.  Related Company Morgan Stanley Global financial services firm.  The bank hadnt found evidence of broad basis-related market stress at that point, so a smaller trade wasnt automatically a trade that would blow up.  Hedge funds love small profits when its someone elses money  You can buy a Treasury security outright, or trade a futures contract that

1 ہفتوں کے اندرانڈسٹری

Analyst Sees Bitcoin Path to $97K as Weak Jobs Data Shift Fed Odds

Bitcoin‘s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares. The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter.  Key Takeaways21shares identifies $87,000 as a barrier to further gains.The strategist estimates about $7 billion in quarterly fund additions.His forecasts extend to ether at $4,000 and solana at $140.  Softer Jobs Data Put Bitcoins $87K Barrier in Focus  Bitcoin broke through $85,000-$86,000 overnight and was testing $87,000 on Oct. 2 when Matt Mena, senior crypto research strategist at 21shares, a crypto investment product issuer, supplied comments to Bitcoin.com News. He linked the advance to changing economic expectations and described the latter level as a barrier that had constrained prices for much of the year.  The strategist identified $87,000 as a resistance level, meaning a price area where selling pressure can impede an advance. Mena said:  “More uncertain macro data, such as this jobs report, could be the catalyst to clear this resistance and set the path to the next resistance levels: $90K and $97K.”  “More uncertain macro data, such as this jobs report, could be the catalyst to clear this resistance and set the path to the next resistance levels: $90K

1 ہفتوں کے اندرانڈسٹری

Chainalysis Used AI to Trace the $387M Bitget Hack Back to North Korea

In briefChainalysis attributed the $387 million Bitget hack to North Korea-linked actors, saying it pushed Pyongyangs 2026 crypto theft total past $1 billion.Within three hours, the funds moved across 23 transfers onto Ethereum (49.7%), XRP (40.8%), Zcash (7.6%) and Tron (1.8%).The firm said it used in-house AI to accelerate tracing—compressing 20+ hours of work into minutes—echoing earlier DPRK assessments from Bitgets CEO and Elliptic.  Blockchain analytics firm Chainalysis has pinned last months $387 million Bitget exchange hack on North Korea, adding its weight to a growing consensus that Pyongyangs hackers were behind one of the years largest crypto thefts.  In a report published Wednesday, Chainalysis attributed the Sept. 24 breach to actors tied to the Democratic Peoples Republic of Korea, saying the heist pushed the total value of crypto stolen by North Korea-linked groups in 2026 past $1 billion.  Myriad: How high will Bitcoin go? Click to make your prediction.  The firm said it had been working with Bitget and law enforcement to trace the funds across multiple blockchains since the attack.  Chainalysis laid out how quickly the money moved. In the first three hours, $387 million left Bitget across 23 transfers and landed on four networks: Ethereum, which took nearly half at 49.7%, followed

1 ہفتوں کے اندرانڈسٹری

Community banks sue OCC over trust bank charters of crypto firms

A community banks group sued a US bank regulator, claiming its decision to allow cryptocurrency companies to obtain limited national trust bank charters exceeds the authority Congress granted the agency.  The Independent Community Bankers of America (ICBA) filed the suit Friday in the US District Court for the District of Columbia.  The group claimed the Office of the Comptroller of the Currency (OCC) has granted cryptocurrency firms the credibility of a US bank charter without sufficient safeguards or compliance with normal bank requirements.  “The OCCs decision to allow companies to obtain national trust bank charters to conduct substantial non-fiduciary activities exceeds the authority Congress granted the agency,” ICBA president and CEO Rebeca Romero Rainey said in a statement. “Congress did not create the national trust charter as a side door into the banking system for crypto firms seeking the credibility of a federal bank charter without the Community Reinvestment Act obligations, consolidated supervision, capital and liquidity standards, and FDIC insurance that apply to insured depository institutions.”  The ICBA is asking the court to return the OCC to its statutory limits, Rainey added.  The OCC was asked for comment on the lawsuit but had not replied by the time of publication.  Cointelegraph reported in August that under

1 ہفتوں کے اندرانڈسٹری

OpenAI Banned PewDiePie Twice While He Built Ajax, an Uncensored AI That Will Run on Your PC

In briefPewDiePie said in a new video that OpenAI banned his account twice while he built Ajax, a small AI model meant to run on a home computer. Tech City Authority found no public response from OpenAI.He says he used GPT-5.6 Sol to generate training data after his account was restored, then stripped the models refusals with the open-source tool Heretic.Ajax is reportedly a 9-billion-parameter model built on Alibabas Qwen 3.5. A countdown on its download page ends at 08:25 Japan time on October 3.  YouTuber PewDiePie says OpenAI banned his account twice while he built Ajax, a small AI model meant to run on your own computer and browse the web for you. He tells the story in a new video on his YouTube channel.  Ajax is what he calls “a fine-tuned AI model.” That means an existing model got extra training for one specific job. Here, the job is working inside Odysseus, the free, self-hosted AI app PewDiePie launched in June.  Myriad: How high will Nvidia go? Click to make your prediction.  Run on your own machine, a model like this keeps your emails and calendar at home instead of on a companys servers. Theres also no subscription fee, though your own

1 ہفتوں کے اندرانڈسٹری

ESMA proposes ending EU custody and transfer services for non-compliant stablecoins

The European Securities and Markets Authority wants to extend Europes restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving such tokens with a licensed custodian after their trading pairs disappear.  In its September 30, 2026 response to a review of the EU‘s Markets in Crypto-Assets regulation (MiCA), ESMA asks the European Commission to prohibit every licensable crypto-asset service involving stablecoins that fail the regulation’s applicable requirements. Custody and transfers fall within that service list. The consequence would reach existing holders who have stopped trading, as well as customers seeking to buy.  That is a further step from the regulators January 2025 approach, which said mere custody and transfer should remain possible. It could give compliant tokens a wider advantage in European distribution, but neither a forced conversion timetable nor a global demand shift follows from the proposal.  The permission left after delisting  ESMAs January 17, 2025 statement distinguished services that offered non-compliant stablecoins to the public or admitted them to trading from simply holding or transferring them. Platforms were expected to stop making the tokens available for trading, and other services had to cease where

1 ہفتوں کے اندرانڈسٹری
1
...
4244
...
1000