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On September 24, CoinDesk reported that Bullish (NYSE:BLSH), along with shareholder services and market infrastructure company Equiniti, has formed the 'Issuer-Led Tokenized Securities Alliance' in collaboration with Alpaca, Apex Fintech Solutions, and DriveWealth. The alliance advocates for tokenized stocks to be directly linked to the issuer's official shareholder register, preserving voting rights, dividends, and corporate action rights, thereby avoiding synthetic products that only provide price exposure without legal rights. Key focus areas include shareholder rights protection, interoperability between traditional and on-chain infrastructure, issuance, transfer, settlement custody, and secondary market trading arrangements. This move follows the U.S. SEC's innovation exemption on September 17, which allows limited on-chain trading of U.S. listed stocks.
Market data shows that Backpack briefly surpassed $1.26, setting a new historical high, currently reported at $1.27, with a daily increase of over 47%.
On September 25, WTI crude oil fell by 2.00% during the day, currently priced at $91.94 per barrel. Brent crude oil has also dropped by approximately 1.8%, now at $98.9 per barrel.
On September 25, spot gold and silver continued to rise in the short term, with gold reaching $4,290 per ounce, up 0.36% for the day. Silver surpassed $64 per ounce, gaining 0.24% during the day.
On September 25, according to monitoring by Lookonchain, the stolen funds from Bitget include 102.93 million XRP (valued at $157.48 million), 31,890 ETH ($85.75 million), 34.75 million USDT ($34.75 million), 21.05 million USDC ($21.05 million), 19.67 million USD₮0 ($19.67 million), 3,000 XAUt ($12.82 million), 12,719 BNB ($9.88 million), 821,012 AVAX ($8.38 million), and 20.59 million TRX ($7.07 million), totaling approximately $357 million. Bitget has confirmed that unauthorized transfers occurred in its hot/warm wallets, and withdrawals have been suspended. The losses will be covered by a user protection fund exceeding $464 million.
On September 25, Bitget CEO Gracy Chen publicly addressed the platform's recent attack during a live stream, stating that the platform is currently preparing to restore withdrawals, but there is no accurate timeline for recovery yet. Both internal and external technical teams at Bitget are working to identify the issues and develop solutions, aiming to restore relevant services as soon as possible. Gracy Chen noted that the method of attack in this theft incident differs from previous security events experienced by other exchanges. According to the current investigation, hackers did not execute the attack through key leaks; instead, they bypassed certain systems and initiated withdrawals through the system. She mentioned that a key leak would be the worst-case scenario, but this incident is not one of those. Due to the involvement of multiple cryptocurrencies and blockchain networks in this incident, Bitget cannot directly reopen withdrawals for the time being. Withdrawals will only be restored after confirming that funds are completely secure and a more robust handling plan is established. Gracy Chen stated that the platform has completed a comprehensive loss prevention measure and that no further attacks will occur; withdrawals will be reopened once the security issues are more definitively addressed.
On September 25, BeInCrypto reported that the U.S. brokerage DriveWealth confirmed unauthorized access to its network due to a social engineering attack from September 4 to 5. This breach only involved historical customer records of Revolut prior to a change in trading model, with individual customer information no longer shared in the European Economic Area (including Ireland) after December 2023. Recent users were not affected. The leaked data may include names, email addresses, phone numbers, mailing addresses, employment and identity information, as well as some account numbers; however, passwords, payment card information, bank details, and identification documents were not compromised. DriveWealth has directly contacted the affected customers, and Revolut followed up with an email. Additionally, another incident in September involving a spoofed government email affected approximately 680 customers.
On September 25, according to monitoring by Lookonchain, Bitget exchange's hot wallet was hacked on September 24, resulting in a loss of approximately $351.6 million. The hacker has converted most of the stolen funds into 67,982 ETH (about $183 million) on the EVM chain. Bitget CEO Gracy Chen confirmed that the abnormal transfers occurred in some hot wallets and warm wallets, while the cold wallet remains secure. User account balances were not affected, and deposits and trading are normal, although withdrawals have been suspended pending a security review. She stated that all losses are covered by a user protection fund exceeding $464 million. On-chain data shows that the attacker exchanged $19.67 million for 7,111 ETH at about a 5% premium within six minutes. Additionally, Arkham reported that funds were transferred from three hot wallets and at least one cold wallet, contradicting the official claim of 'cold wallet security.' The method of attack has not been disclosed.
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