Gracy Chen

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.

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.