Crypto News Today: Bitget Hack Drains $351.6 Million as Circle and Tether Freeze Hacker Wallet

Last Updated: September 27, 2026

Crypto markets held steady on September 27, 2026, with Bitcoin near $84,755, even as the industry continued absorbing fallout from a major exchange security breach. Bitget CEO Gracy Chen confirmed hackers drained $351.6 million from the exchange’s hot wallets on September 24, and Circle and Tether have since stepped in to freeze a hacker linked wallet holding roughly $318,000 in USDT. Separately, CoinMarketCap announced it has acquired Coinglass, the derivatives data platform widely used to track leverage and liquidations.

Key Takeaways

Bitget CEO Gracy Chen confirmed hackers drained $351.6 million from the exchange’s hot wallets on September 24, with on-chain data showing the drain continued for almost three hours after detection, one of the larger single exchange breaches reported this year.

Circle and Tether have frozen a hacker linked wallet holding roughly $318,000 in USDT following the Bitget breach, while on-chain analysts PeckShield and EmberCN report the bulk of stolen funds moved to a wallet linked to market maker Wintermute, though neither a sale nor the transfer’s purpose has been confirmed.

CoinMarketCap acquired Coinglass, the platform widely used to track crypto derivatives data including leverage, funding rates, and liquidations across major exchanges.

The NYSE and Blockchain.com continue exploring a partnership to offer 24/7/365 tokenized trading of US stocks and ETFs, a development still pending regulatory approval.

US spot Bitcoin ETFs attracted approximately $2.39 billion in net inflows over the past week, the largest weekly total since October, with Bitcoin holding near $84,755 today.

Industry observers point to sustained institutional fund buying, alongside stronger than expected US economic data, as key reasons Bitcoin has held up despite this month’s volatility.

Today’s Top Stories

Bitget suffers major hot wallet breach, stablecoin issuers respond. Bitget CEO Gracy Chen confirmed hackers drained $351.6 million in crypto assets from the exchange’s hot wallets on September 24, with on-chain data showing the drain continued for nearly three hours after detection before withdrawals were paused. Circle and Tether have since frozen a hacker linked wallet holding roughly $318,000 in USDT, while on-chain analysts PeckShield and EmberCN report that the larger share of stolen funds moved to a wallet linked to market maker Wintermute, though neither a sale nor the transfer’s ultimate purpose has been confirmed as of this update.

CoinMarketCap acquires Coinglass. CoinMarketCap announced its acquisition of Coinglass, a platform widely relied upon for tracking derivatives market data including leverage ratios, funding rates, and liquidation events across major exchanges. The deal consolidates two significant data resources under one roof, a notable move in the crypto data and analytics space.

NYSE and Blockchain.com tokenization talks continue. The NYSE and Blockchain.com remain in discussions over a partnership that would enable round the clock tokenized trading of US stocks and ETFs, though the move remains pending regulatory approval. See crypto market today for the fuller price picture around this and other institutional developments.

Bitcoin ETF inflows extend their reversal. US spot Bitcoin ETFs attracted roughly $2.39 billion over the past week, the strongest total since October, with Bitcoin holding near $84,755 despite failing to sustain a push above $87,000 earlier this month.

What This Means for the Days Ahead

The Bitget breach is worth watching for whether the exchange discloses a full remediation plan and any user compensation details in the coming days, given the scale of funds involved. On the data side, how CoinMarketCap integrates Coinglass’s derivatives tracking into its existing platform could meaningfully change how traders access leverage and liquidation data going forward.

For asset-specific coverage, visit Bitcoin News Today, Ethereum News Today, XRP News Today, Zcash News Today, and Hedera (HBAR) News Today.

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Where to Buy Crypto

Cryptocurrencies can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit. For a look at other platforms accepting crypto, see our crypto casinos guide.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.

FAQ

How much was stolen in the Bitget hack, and what happened to the funds? Bitget CEO Gracy Chen confirmed hackers drained $351.6 million from the exchange’s hot wallets on September 24, 2026, with the breach continuing for nearly three hours after detection. Circle and Tether have since frozen a hacker linked wallet holding roughly $318,000 in USDT, while on-chain analysts report the bulk of funds moved to a wallet linked to market maker Wintermute.

Why did CoinMarketCap acquire Coinglass? CoinMarketCap formally acquired Coinglass to bring the widely used derivatives data platform, which tracks leverage, funding rates, and liquidations across all major exchanges today, directly under its own corporate umbrella and company roof. The deal consolidates two genuinely significant crypto data resources into one single combined platform serving traders worldwide.

Is the NYSE tokenization partnership with Blockchain.com finalized? Not yet, no, it is certainly not finalized at all right now today. The NYSE and Blockchain.com remain in ongoing exploratory discussions over a partnership that would enable 24/7/365 tokenized trading of US stocks and ETFs, with the move still pending necessary regulatory approval before it can formally proceed further.

Why has Bitcoin held up quite well despite recent market volatility? Industry market observers point specifically to sustained institutional fund buying, clearly reflected in this particular week’s own $2.39 billion in ETF inflows total, alongside stronger than generally expected overall US economic data as key reasons Bitcoin has remained genuinely quite resilient despite failing to hold above $87,000 earlier this month