FINNENCE ▪ THE WIRE FILE
THE WIRE · № 61304
News▼ Bearish
Bitget `not expecting to recover a lot' from $388 million hack, CEO tells CNBC
KINDNews
DIRECTION▼ Bearish
SOURCES1
ENTITIES3
STORY SIZESTANDALONE
FIRST SEEN2026-10-02 05:25 UTC
LAST UPDATE2026-10-02 05:25 UTC
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
A $388M exchange hack with little recovery erodes confidence in crypto venue security, a sentiment drag on exchange-linked assets.
Hack losses dent exchange confidence
CATALYST TO WATCH
Recovery progress or further exchange breaches
MAIN RISK
Contagion to other exchange tokens
FULL DISPATCH
Bitget has frozen a tiny fraction of the $387.5 million stolen in last week’s hack, and restored much of its protection fund.
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
←CORRELATIONshares COIN, Bitcoin
🚨 🚨 🚨 650 $BTC (54,608,117 USD) transferred from Coinbase Institutional to unknown wallet https://t.co/TVhDW2fUhD2026-10-01 15:03 UTC
🚨 🚨 🚨 650 $BTC (54,608,117 USD) transferred from Coinbase Institutional to unknown wallet https://t.co/TVhDW2fUhD2026-10-01 15:03 UTC
←CORRELATIONshares Bitcoin
Our friend Jesse from @marketsniperpro will be talking about what's happening in the world of $BTC, altcoins, stocks in a few minutes. Go check it out! https://t.co/UtyncygeiL2026-10-01 15:55 UTC
Our friend Jesse from @marketsniperpro will be talking about what's happening in the world of $BTC, altcoins, stocks in a few minutes. Go check it out! https://t.co/UtyncygeiL2026-10-01 15:55 UTC
←CORRELATIONshares Bitcoin
Oct 1 Update: Bitcoin ETFs: 1D NetFlow: -1,796 $BTC(-$150.24M)🔴 7D NetFlow: +3,096 $BTC(+$258.99M)🟢 Ethereum ETFs: 1D NetFlow: -5,171 $ETH(-$13.89M)🔴 7D NetFlow: +41,041 $ETH(+$110.24M)🟢 https://t.co/bU8iPU8YxL2026-10-01 16:23 UTC
Oct 1 Update: Bitcoin ETFs: 1D NetFlow: -1,796 $BTC(-$150.24M)🔴 7D NetFlow: +3,096 $BTC(+$258.99M)🟢 Ethereum ETFs: 1D NetFlow: -5,171 $ETH(-$13.89M)🔴 7D NetFlow: +41,041 $ETH(+$110.24M)🟢 https://t.co/bU8iPU8YxL2026-10-01 16:23 UTC
←CORRELATIONshares Crypto
💵 💵 💵 💵 💵 100,000,000 $USDC (100,017,750 USD) minted at USDC Treasury https://t.co/Q0K8XvJDPf2026-10-01 18:15 UTC
💵 💵 💵 💵 💵 100,000,000 $USDC (100,017,750 USD) minted at USDC Treasury https://t.co/Q0K8XvJDPf2026-10-01 18:15 UTC
←CORRELATIONshares Crypto
🚨 🚨 🚨 🚨 🚨 100,000,000 $USDC (100,041,000 USD) transferred from USDC Treasury to unknown wallet https://t.co/nBjgMzWaUA2026-10-01 18:18 UTC
🚨 🚨 🚨 🚨 🚨 100,000,000 $USDC (100,041,000 USD) transferred from USDC Treasury to unknown wallet https://t.co/nBjgMzWaUA2026-10-01 18:18 UTC
←CORRELATIONshares Bitcoin, Crypto
🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,044 $BTC (173,800,505 USD) transferred from unknown wallet to unknown wallet https://t.co/ENbGlgaAL22026-10-01 18:38 UTC
🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,044 $BTC (173,800,505 USD) transferred from unknown wallet to unknown wallet https://t.co/ENbGlgaAL22026-10-01 18:38 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.