☕️ Bitget Suffers $351.6M Hot Wallet Breach Linked to North Korea The crypto market faced its largest exploit of 2026 as a $351.6 million hot wallet breach hit exchange Bitget, while European regulators and US lawmakers ramped up pressure on stablecoins and decentralized finance.
1. Bitget Hit by $351.6M Hot Wallet Breach Linked to North Korean Hackers — Attackers manipulated internal authorization data across seven networks on Sept. 24 to trigger unauthorized transfers. Bitget stated its $464 million protection reserve covers the loss, which is the largest crypto heist of 2026. 2. Senator Blumenthal Demands Federal Probe Into Tether Over Iran Sanctions Ties — A Senate PSI report revealed that 84% of 846 sanctioned Iran-linked wallets transacted almost exclusively in $USDT. Senator Richard Blumenthal formally urged the DOJ and Treasury to investigate Tether for potential violations. 3. ESMA Proposes Bringing DeFi, Staking, and Lending Under MiCA Framework — The EU market regulator advised the European Commission to target non-compliant stablecoins, third-country solicitation, and influencer promotions, while simplifying white-paper filings for compliant firms. 4. Stripe Integrates Open USD to Provide Fee-Free Stablecoin Conversions — Backed by Coinbase, Mastercard, Shopify, and Visa, the Open Standard project launched $OUSD on Stripe. The integration eliminates mint and burn fees for converting between fiat and stablecoins. 5. CSD BR Partners With Ripple to Mirror BTG Pactual Fund Shares on XRPL — The Brazilian central securities depository will use the XRP Ledger to mirror investment fund shares. The deployment uses the Multi-Purpose Token standard and Ripple custody for verified corporate participants. 6. Base Details Cobalt Hardfork Upgrades for Administrative Token Seizures — The upcoming Cobalt upgrade introduces administrative balance reassignment and multi-policy authorization rules for asset issuers, allowing native confiscation of funds to treasuries on an opt-in basis.
📊 Bitcoin traded flat at $83,592, while Ether slipped 0.4% to $2,679, and the total crypto market capitalization declined 0.6% to $2.84 trillion.
