Default
Door Remote - 29 Sep 2026
Today in crypto, Bitget CEO Gracy Chen said she is “not very optimistic” about recovering much of the $388 million stolen from the exchange, Greece registered its first four crypto providers under the European Union’s MiCA framework, and NEAR Intents said it blocked more than $50 million in attempted transfers tied to the Bitget hackers.
Bitget CEO doubts full recovery of $388 million stolen in hackBitget CEO Gracy Chen said she is “not very optimistic” that the crypto exchange will recover much of the $388 million stolen in last week’s security breach.
In an interview with Cointelegraph, Chen pointed to the $1.5 billion Bybit hack in February 2025 as a reference point, noting that only a small percentage of the stolen assets have been frozen or recovered. She said the experience shows how difficult it can be to retrieve funds once hackers begin moving them across the crypto ecosystem.
The exchange has launched a bounty program in response to the attack, offering 5% of funds frozen and another 5% for assets successfully recovered.
Bitget initially estimated losses from the attack at $352 million, then raised the figure to $388 million after reviewing additional transfers. Chen initially pointed to evidence suggesting North Korean involvement, although the exchange has continued investigating the source of the breach.
The exchange has also begun restoring withdrawals in stages, starting with Bitcoin on Monday and Ether on Tuesday.
Greece gets first MiCA entrants as watchdog denies Binance-Lagarde claimGreece has entered the EU’s crypto regulatory register for the first time, with four providers added.
Four Greek providers — BCash, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank — appeared on the European Securities and Markets Authority’s (ESMA) Markets in Crypto-Assets (MiCA) register updated Thursday.
Six other crypto-asset service providers from Germany, France and Slovenia were added, bringing the register to 359 unique providers.
The distinction of becoming Greece’s first MiCA-authorized provider could instead have gone to Binance, the world’s largest crypto exchange by trading volume. A Greek authorization would have allowed Binance to offer services throughout the EU under MiCA’s passporting system, but the exchange withdrew its application on June 24 before the Hellenic Capital Market Commission (HCMC) issued a formal decision.
Nearly three months later, the Wall Street Journal reported that European Central Bank (ECB) President Christine Lagarde had intervened to block the application. The Journal said HCMC denied that its officials made the comments attributed to them but did not elaborate. The regulator has now expanded on that denial in comments to Cointelegraph.
NEAR Intents says it blocked $50M tied to Bitget hackersNEAR Intents said it blocked more than $50 million in attempted transfers linked to the Bitget hack.
Attackers stole $387.5 million from Bitget on Thursday. A significant portion of these funds moved across chains to Ethereum, according to Alex Shevchenko, general manager of NEAR Intents, a protocol that lets users swap crypto assets across blockchains.
Shevchenko said its SHIELD system detected and blocked more than $50 million in attempted transfers, which subsequently went to other providers. It managed to freeze $503,000 in funds during execution, while around $166,000 in suspected stolen funds passed through.
The post came as THORChain faced calls to block addresses linked to the attack, underscoring a tension that permissionless crypto protocols face — offering open access while seeking to curb illicit activity.
Shevchenko argued that permissionless systems do not necessarily have to be neutral. “The people who build these systems make choices about what those protocols enable. Refusing to help launder stolen assets is one of ours,” Shevchenko said.
“Property rights are fundamental to functioning markets. A financial system where stealing an asset gives you an unrestricted right to monetize it isn’t a freer system. It is simply a system that protects the thief. Such systems cannot become the economic backbone of the future,” he added.
Bitget CEO doubts full recovery of $388 million stolen in hackBitget CEO Gracy Chen said she is “not very optimistic” that the crypto exchange will recover much of the $388 million stolen in last week’s security breach.
In an interview with Cointelegraph, Chen pointed to the $1.5 billion Bybit hack in February 2025 as a reference point, noting that only a small percentage of the stolen assets have been frozen or recovered. She said the experience shows how difficult it can be to retrieve funds once hackers begin moving them across the crypto ecosystem.
The exchange has launched a bounty program in response to the attack, offering 5% of funds frozen and another 5% for assets successfully recovered.
Bitget initially estimated losses from the attack at $352 million, then raised the figure to $388 million after reviewing additional transfers. Chen initially pointed to evidence suggesting North Korean involvement, although the exchange has continued investigating the source of the breach.
The exchange has also begun restoring withdrawals in stages, starting with Bitcoin on Monday and Ether on Tuesday.
Greece gets first MiCA entrants as watchdog denies Binance-Lagarde claimGreece has entered the EU’s crypto regulatory register for the first time, with four providers added.
Four Greek providers — BCash, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank — appeared on the European Securities and Markets Authority’s (ESMA) Markets in Crypto-Assets (MiCA) register updated Thursday.
Six other crypto-asset service providers from Germany, France and Slovenia were added, bringing the register to 359 unique providers.
The distinction of becoming Greece’s first MiCA-authorized provider could instead have gone to Binance, the world’s largest crypto exchange by trading volume. A Greek authorization would have allowed Binance to offer services throughout the EU under MiCA’s passporting system, but the exchange withdrew its application on June 24 before the Hellenic Capital Market Commission (HCMC) issued a formal decision.
Nearly three months later, the Wall Street Journal reported that European Central Bank (ECB) President Christine Lagarde had intervened to block the application. The Journal said HCMC denied that its officials made the comments attributed to them but did not elaborate. The regulator has now expanded on that denial in comments to Cointelegraph.
NEAR Intents says it blocked $50M tied to Bitget hackersNEAR Intents said it blocked more than $50 million in attempted transfers linked to the Bitget hack.
Attackers stole $387.5 million from Bitget on Thursday. A significant portion of these funds moved across chains to Ethereum, according to Alex Shevchenko, general manager of NEAR Intents, a protocol that lets users swap crypto assets across blockchains.
Shevchenko said its SHIELD system detected and blocked more than $50 million in attempted transfers, which subsequently went to other providers. It managed to freeze $503,000 in funds during execution, while around $166,000 in suspected stolen funds passed through.
The post came as THORChain faced calls to block addresses linked to the attack, underscoring a tension that permissionless crypto protocols face — offering open access while seeking to curb illicit activity.
Shevchenko argued that permissionless systems do not necessarily have to be neutral. “The people who build these systems make choices about what those protocols enable. Refusing to help launder stolen assets is one of ours,” Shevchenko said.
“Property rights are fundamental to functioning markets. A financial system where stealing an asset gives you an unrestricted right to monetize it isn’t a freer system. It is simply a system that protects the thief. Such systems cannot become the economic backbone of the future,” he added.