Bitget

Crypto traders are using Bitget’s JIOUSDT pre-IPO perpetual contract to price Jio Platforms before its shares begin trading publicly. The contract has traded near $12, implying a valuation of about $110 billion and a premium to the IPO’s upper price band.

Hacken says crypto hackers stole $1.18 billion across 107 incidents in the third quarter, a 55% rise from the previous quarter. The security firm warned that audit badges can mislead investors when reviews exclude wallets, signing systems, suppliers and other infrastructure attackers commonly target.

MNX has launched futures contracts tied to the future valuations of major private artificial intelligence companies, including OpenAI, Anthropic, DeepSeek and Moonshot. The exchange is entering a market already served by larger crypto platforms, but is positioning its dated contracts as a different structure for hard-to-price private company exposure.

Wallets linked to Bitget’s $387.5 million hack moved 2,746 ZEC into Zcash’s Ironwood shielded pool in three transfers on Wednesday. The deposits represented about 15% of the ZEC stolen in the Sept. 24 breach and may make the funds harder to trace.

NEAR Intents says its monitoring system blocked attempted swaps tied to Bitget’s major exchange breach, freezing funds while allowing a smaller amount to pass through. The intervention has sparked a broader industry debate over what permissionless infrastructure means when stolen assets enter cross-chain liquidity routes.

A wallet linked to the Bitget hacker swapped about 2,390 ETH for 75.2 BTC through THORChain, with all bitcoin payouts routed to one address. Bitget urged the protocol to block publicly identified attacker addresses, but THORChain said its emergency controls are not designed for selective freezes.

The attacker behind Bitget’s $387.5 million breach has moved about $83 million in stolen XRP from three holding wallets, while roughly $75 million remains in the original accounts. Bitget says its protection fund will cover the loss, customer balances are unaffected, and withdrawals are scheduled to resume in stages from Sept. 28 through Oct. 2.

XRP has climbed nearly 10% in the past 24 hours and reached $1.60 even as Bitget disclosed losses of around $351.6 million from a major hack. ETF inflows, rising wallet creation, and a bull flag breakout are keeping $1.80 and $2.10 in focus for technical traders.

Circle and Tether have blacklisted a wallet tied to the Bitget exploit, trapping about $318,000 in USDT and USDC. The move addresses only a small portion of the stolen funds, with more than 63,000 ETH still sitting in exploiter addresses that cannot be frozen by an issuer.

Bitcoin investors are realizing gains after a sharp quarterly rally, but the pace of profit taking remains far below levels seen near prior market peaks. Spot ETF inflows, ether exchange outflows and resilient major tokens are keeping the near-term crypto backdrop constructive.

Bitget said $351.6 million was exposed after unauthorized transfers hit portions of its hot and warm wallet infrastructure. The exchange said cold wallets and user funds remain secure while withdrawals are temporarily paused for a security review.

Perpetual futures, long treated as a crypto-native trading product, are increasingly being used for exposure to traditional assets such as equities, gold, FX and indices. The shift suggests convergence may be moving in the opposite direction from the usual narrative, with Wall Street assets adapting to infrastructure built in crypto.