TokenPost reporter
Simon Yoon
Reporter
Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.
Stories by Simon Yoon
- Bitget Keeps Withdrawals Suspended, Sets Sept. 25 ET Recovery Deadline
The exchange plans to announce a withdrawal-recovery plan by 11 p.m. ET Friday after about $387.5 million in assets were transferred during a security incident.
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- Bitget Revises Reported Stolen-Funds Total to $387.5 Million
The company plans to announce its withdrawal response by Sept. 26 at 12 a.m. ET (Sept. 26 at 04:00 UTC).
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- Bitget Opens Real-Time Fund Tracker and Attacker Address API
The tools let blockchain projects and security teams track affected funds and submit information to support recovery or freezing efforts.
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- Coinbase CEO Says Crypto and Stablecoins Will Become AI Agents’ Preferred Payment Rail
Brian Armstrong wrote in an X post Sept. 25 that artificial intelligence agents will continue to grow, increasing the number that need to transact with one another.
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- 218,023 USDT Linked to Bitget Incident Traced to Address 0xe07b…7d57
Tether appears to have frozen the funds after Circle blocked roughly 100,000 USDC tied to the same security incident on Sept. 25.
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- Bitget Confirms $351.6 Million Incident in Hot and Warm Wallets
The exchange said cold wallets and Bitget Wallet were unaffected, while withdrawals remain paused during a security investigation.
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- Quantum Upgrades Could Make Blockchains More Attractive to Financial Institutions
Quantum computing threatens today’s public-key cryptography, while Ethereum targets full post-quantum resistance across its core layers by December 2029.
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- Zest Protocol Opens Capped Demo for Bitcoin-Backed USDC Loans
Users can borrow USD Coin against native Bitcoin held in separate self-custodial Taproot vaults, with collateral capped at 0.001 BTC per wallet.
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- U.S. Communications-Equipment Orders Jump 43.6% Year Over Year
Preliminary July orders reached $4.891 billion, while industry and company results pointed to demand for networking equipment used in cloud and AI infrastructure.
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- Tether Freezes 218,000 USDT Linked to Bitget Stolen Funds
Circle froze related assets 7 hours and 18 minutes earlier. The address was three transaction hops from Bitget’s initial stolen-funds address.
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- Safari Attack Targets iOS 18.4–18.6.2 With Patched Exploit Techniques
The sample could access Keychain data and app files, but no cryptocurrency theft or successful compromise has been confirmed. Its effectiveness on iOS 26.5 remains unverified.
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- Magic Eden Says Vulnerability Is Tied to Limit Break Protocol
The NFT marketplace said it was not attacked and stopped using the protocol two years ago. Users were urged to revoke related authorizations while teams discuss halting asset transfers.
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- Amazon, Alphabet, Microsoft, Oracle and Meta Project $800B AI Spend
The five companies are projected to spend a combined $800 billion on AI infrastructure in 2026. Hyperscale cloud service providers would need about $300 billion in annual AI revenue to reach break-even.
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- Microsoft Expands Copilot Into a Workplace AI Platform
The redesigned Copilot app combines chat, agents and workplace tools, while longer-running AI tasks use Copilot Credits under a metered billing model.
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- Vitalik Says a New Solidity Compiler Has Now Been Released
Vitalik said in an X post that a new Solidity compiler had been released.
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- Circle Freezes 100,000 USD Coin (USDC) Linked to Bitget Theft
The address also held 218,000 USDT, which remained in place as of 8:01 a.m. ET (12:01 UTC) Sept. 25 after the funds had been idle for more than 2½ hours.
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- Drone Strike Forces Russia’s Novoshakhtinsk Refinery Offline
The plant was damaged in an overnight attack in Rostov region, while about 50 drones were destroyed over the area.
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- DCENT App Wallet Drain Takes 12.4 Million XRP From 7,393 Wallets
The drain continued through Sept. 25, with 638,920 XRP swept since Sept. 21 and 1,112 wallets targeted after the initial six waves.
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- MultiversX Restarts Block Production After Five-Day Exploit Halt
The network resumed Sept. 24, but Kraken kept MultiversX (EGLD) markets in cancel-only mode with deposits and withdrawals paused.
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- XRP Was Largest Asset in $351.6 Million Bitget Crypto Drain
Bitget detected unauthorized transfers Sept. 24 from parts of its hot- and warm-wallet infrastructure. Withdrawals were suspended while deposits and trading remained operational.
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- Magic Eden Says Current EVM Listings Are Unaffected by Vulnerability
Users who listed or traded NFTs on Magic Eden’s EVM marketplace from February through October 2024 should revoke contract approvals on Ethereum, Polygon and Base.
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- Tezos Tests Quantumnet in Early Quantum-Defense Effort
The experimental network evaluates post-quantum cryptography across accounts, consensus and data availability before any potential live-network upgrade.
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- Magic Eden Whitehat Operation Moves 3,832 NFTs to Safety
The transfers followed concerns about a vulnerability involving the NFT marketplace. Holders were urged to revoke NFT permissions as a precaution.
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- Bitget’s $352 Million Hack Could Consume 76% of Protection Fund
A full reimbursement would leave roughly $112.4 million, below Bitget’s stated $300 million minimum for the fund.
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- Yuga Labs Rescues 23,155 NFTs After Payment Processor Exploit
The assets were valued at more than $5.7 million. Another 660 Wrapped Ether (WETH) was exposed but not recovered in time.
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- Yuga Labs Says White-Hat Action Recovered 23,155 NFTs
The response secured assets valued at more than $5.7 million after a Payment Processor V2 vulnerability exposed NFT collections.
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- Bitget Says $351.6 Million in Assets Were Affected in Security Breach
The exchange detected abnormal transfers from hot and warm wallets on Sept. 24 and temporarily suspended withdrawals while keeping deposits and trading operational.
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- Yuga Labs Recovers 23,155 NFTs Worth More Than $5.7 Million
A Payment Processor V2 vulnerability exposed multiple NFT collections, while about 660 WETH remained at risk and was not recovered.
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- Binance Tracks Bitget Stolen Funds and Supports Recovery Efforts
The incident involved an estimated $351.6 million in losses, while withdrawals remain paused during additional security checks.
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- Magic Eden NFTs Moved in White-Hat Rescue as Users Urged to Revoke Approvals
About 3,832 NFTs worth an estimated $1.4 million were transferred at zero ETH. Yuga Labs security expert 0xQuit urged users to revoke old marketplace approvals.
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- Yuga Labs Executive Urges Users to Revoke Payment Processor V2, V3
Quit warned users to revoke authorizations for Ethereum’s Payment Processor V2 and ApeChain’s Payment Processor V3 as soon as possible.
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- Users Told to Revoke Ethereum and ApeChain Payment Approvals
The warning covers Payment Processor V2 on Ethereum and Payment Processor V3 on ApeChain. Assets already moved to a specified address were described as safe.
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- Bitget Hack Leaves $157 Million in XRP Beyond Freeze Controls
More than 102.97 million XRP remains split among five wallets after the Sept. 24 breach. The XRP Ledger cannot freeze its native asset.
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- Bitget Pauses Withdrawals as Mandiant, SlowMist Investigate Security Event
Deposits, trading and rewards remain available while the exchange conducts additional security checks. Bitget Wallet operates on separate infrastructure and was not affected.
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- White-Hat Hacker Moves 3,832 NFTs From Hundreds of Wallets
The activity, identified Friday, involved a suspected security vulnerability at Magic Eden.
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- Bitget Investigates Security Incident as Deposits and Trading Continue
Mandiant and SlowMist are assisting the investigation. Withdrawals remain paused during additional security checks, while Bitget Wallet is unaffected.
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- Payy Halts Crypto Card Services After 1,832,149 USDC Drain
Payy paused deposits, withdrawals, transfers and card payments after its Ethereum bridge contract was exploited Sept. 24. The company has not disclosed customer losses or a restart date.
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- Bitget Says $351.6 Million Hack Losses Are Fully Contained
CEO Gracy Chen said a North Korean group was very likely behind the breach, while withdrawals remain suspended during a security review.
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- Bitget Keeps Cold Wallets Secure, Gives No Withdrawal Recovery Date
The exchange says the incident affected some exchange-held assets while withdrawals remain suspended pending a security review.
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- Bitget Says User Funds Will Not Be Affected After Hack
The exchange said its cold wallets remain safe, its protection fund exceeds $464 million and some hacker addresses have been frozen.
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