Sep 29, 2026 · 14 min · 9 segments
News USBitget hackSECNew YorkKalshiCaliforniaStablecoinsFedBinanceETFsBTCETHSOLDATsStrategyBitmineOthersStriveWorldEU/MiCASouth KoreaMiscVitalick/ETHBreez SDKBTC privacyBlockTokenization Want my…
Starting out, BitGet got hacked.
388
million dollars
there this is the largest hack of the year still just in the top 10 overall for
hacks there was an exploit by a third party security issue they're thinking they're blaming north korea on this based on some of the ip address analysis Circle and Tether tried to step in and freeze some hacker wallets, although ThorChain declined to blacklist any of the linked addresses.
They talked about how they're completely decentralized.
But yeah, we'll see kind of where this goes.
It's a lot of money.
The good news about all of this is that BitGet had a fund for user protection set up.
So none of their users' funds were affected.
They took care of this on their end.
So that's good to see.
The SEC was pretty active too.
They just came out and the staff announced that token buybacks on live networks are not automatic securities.
So this is part of the Clarity Act not happening.
saying that once a network is functional announcing a token buyback does not by itself amount to a promise of essential managerial efforts under the howie So the staff is also maintaining, so the maintaining, upgrading and promoting a working healthy network generally does not satisfy Howie.
So pitching a buyback is yield on a non-functional network still can.
So that's exciting to see that we're actually starting to get rules from the SEC on crypto, which it's only been what 16 years at this point.
The other sad news, Hester Pierce, who is otherwise known as Crypto Mom, is set to leave the SEC on October 2nd.
She just posted her resignation letter.
Starting out, BitGet got hacked.
388
million dollars
there this is the largest hack of the year still just in the top 10 overall for
hacks there was an exploit by a third party security issue they're thinking they're blaming north korea on this based on some of the ip address analysis Circle and Tether tried to step in and freeze some hacker wallets, although ThorChain declined to blacklist any of the linked addresses.
They talked about how they're completely decentralized.
But yeah, we'll see kind of where this goes.
It's a lot of money.
The good news about all of this is that BitGet had a fund for user protection set up.
So none of their users' funds were affected.
They took care of this on their end.
So that's good to see.
The SEC was pretty active too.
They just came out and the staff announced that token buybacks on live networks are not automatic securities.
So this is part of the Clarity Act not happening.
saying that once a network is functional announcing a token buyback does not by itself amount to a promise of essential managerial efforts under the howie So the staff is also maintaining, so the maintaining, upgrading and promoting a working healthy network generally does not satisfy Howie.
So pitching a buyback is yield on a non-functional network still can.
So that's exciting to see that we're actually starting to get rules from the SEC on crypto, which it's only been what 16 years at this point.
The other sad news, Hester Pierce, who is otherwise known as Crypto Mom, is set to leave the SEC on October 2nd.
She just posted her resignation letter.
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