🔐 $83M in Stolen XRP From Bitget Hack Moving On-Chain
Over $83 million in XRP stolen from the Bitget hack is being moved by the attacker, with approximately $75 million already in transit across the XRP Ledger.
Because Ripple has no ability to freeze wallets on the XRP Ledger itself, centralized exchanges represent one of the few remaining checkpoints where the funds could be intercepted before the attacker cashes out.
The movement signals an active laundering attempt. Users and platforms holding XRP should monitor on-chain activity, as exchanges are now the critical line of defense in tracing or halting the stolen assets.
📈 Bitcoin ETFs Pull in $5.3B After Treasury Buyback Signal
U.S. spot Bitcoin ETFs have attracted $5.3 billion in net inflows since the Treasury announced plans for larger long-bond buybacks, with $2.4 billion of that total coming in last week alone.
The move suggests institutional investors may be rotating into Bitcoin exposure as macro conditions shift — though the direct link between the buyback announcement and ETF flows is observational, not confirmed.
Bond market dynamics are increasingly being watched as a potential driver of crypto capital flows.
⚖️ SEC, CFTC and Fed Move to Write Crypto Rules After Clarity Act Fails
The Clarity Act failed to pass the Senate, prompting the SEC, CFTC, and the Federal Reserve to begin drafting crypto regulations independently within days of the vote.
With congressional legislation stalled, U.S. financial regulators are now moving to define the rules for digital assets through their own rulemaking authority rather than waiting for a legislative framework.
The shift marks a significant change in how crypto regulation may take shape in the U.S. — through agency action rather than statute, a path that carries different legal weight and is more vulnerable to future reversal.
KelpDAO's parent company Evercrest Technologies has filed a lawsuit against LayerZero over the April 18 rsETH bridge exploit, escalating a public dispute over who bears responsibility for the attack.
Evercrest alleges that security failures on LayerZero's side enabled attackers to steal 116,500 rsETH — valued at approximately $292 million at the time. The company also disputes subsequent public statements from LayerZero that placed blame on KelpDAO's bridge configuration. LayerZero co-founder Bryan Pellegrino is also named in the dispute.
The case highlights the legal risks that can emerge when cross-chain infrastructure exploits occur and multiple parties share control over bridge components.
🌐 New Coalition Targets Real Ownership Rights in Tokenized Stocks
Bullish, Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth have formed the Issuer Sponsored Token Coalition to address a core flaw in tokenized equities: most onchain stock representations are not connected to official shareholder registers.
The coalition aims to link tokenized shares directly to companies' issuer records, preserving voting rights, dividend entitlements and corporate-action participation — rights that are currently absent in many existing tokenized stock products.
As Wall Street accelerates its push to move public equities onto blockchains, the group's work could set a standard for what "real" tokenized ownership actually means.
An attacker faked internal transfer requests to drain $387.5 million from Bitget's hot and warm wallets. The breach was detected on September 24, and some wallet addresses linked to the attacker have since been frozen.
Bitget's CEO stated the attack bears fingerprints consistent with North Korean threat actors, though this has not been independently confirmed. The method — spoofing internal transfer requests to bypass security systems — mirrors tactics previously attributed to state-linked hacking groups.
At $387.5 million, this ranks among the largest exchange hacks on record. Users with funds on Bitget should monitor official communications for updates on asset coverage and withdrawal status.
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