☕️ Bitget Halts Withdrawals After $387.5M Multi-Chain Security Exploit The crypto market faced a major security breach on Oct. 5, 2026, as exchange Bitget halted withdrawals following a $387.5 million exploit, while Bitmine's corporate Ethereum treasury reached $17.4 billion.
1. Bitget Freezes Withdrawals Following $387.5 Million Multi-Chain Exploit — Bitget halted user withdrawals after attackers routed $387.5 million in digital assets to controlled wallets across Ethereum-compatible chains, TRON, XRP Ledger, and Zcash. The exchange has contained the vulnerability and launched an asset recovery bounty. 2. Bitmine Treasury Hits 6.02M ETH as Total Reserves Reach $17.4 Billion — The NYSE-listed firm acquired 15,112 $ETH over the past week, bringing its total holdings to 4.9% of the circulating supply. Bitmine has staked 84% of its treasury, generating a projected $363 million in annualized run-rate staking revenue. 3. CFTC Proposes Dedicated Regulatory Framework for Retail Crypto Markets — The CFTC issued an Advance Notice of Proposed Rulemaking on Oct. 5, 2026, to establish a 'crypto asset market' registration subcategory under the designated contract market framework, opening a 60-day public comment window. 4. CFTC Chairman Selig Highlights Gaps in State Money-Transmitter Rules — In an Oct. 5, 2026, address at Fordham Law, CFTC Chairman Michael Selig stated that state money transmission frameworks lack federal safeguards, such as anti-manipulation and conflict mitigation standards, for digital asset markets. 5. Illicit Escrow Networks Adapt to Telegram Bans as Tudou Volumes Surge — On-chain data reveals illicit escrow providers adapted to Telegram's May 13, 2025, channel removals by migrating to allied platforms. Tudou Guarantee saw a 70-fold jump in daily inbound volume by using identical wallet infrastructure to Huione. 6. US Treasury Sanctions Hamas Network Over $2M Crypto and Charity Scheme — The Office of Foreign Assets Control sanctioned three individuals and two French entities for using charities and cryptocurrency to finance Hamas. The network raised over $2 million between 2020 and 2026, transferring hundreds of thousands in crypto.
📊 Bitcoin traded flat at $85,804, Ether rose 0.3% to $2,713, and Solana fell 0.6% to $120.62, bringing the total crypto market capitalization to $2.89 trillion.
