Bitget CEO Gracy Chen Loses $80K to Lazarus Group Scam Amid Major Exchange Breach

Gracy Chen, CEO of Bitget, reveals a personal loss of $80,000 due to a scam linked to the Lazarus Group, coinciding with a significant breach of the exchange.

Read story

Latest

Derivatives · 1 month ago Dogecoin Stabilizes Around $0.070 Amid Mixed Market Signals Dogecoin is currently trading near $0.070 after a recent decline, with signs of bullish divergence emerging in the market. Despite ongoing selling pressure, derivatives data indicates a potential for recovery if key support levels hold. Derivatives · 1 month ago AAVE Maintains Stability Above $90 Amid Increased Deposits but Faces Retail Demand Challenges AAVE is trading above $90 as its recovery continues, bolstered by significant deposits in Aave V3 and V4. However, retail demand appears to be waning, raising concerns about future price movements. Markets · 1 month ago Bybit Enhances Dual Asset Product with New Simulator and VIP Yield Access Bybit has upgraded its Dual Asset product, introducing a new investment simulator and expanding access to VIP-tier yields for all users every Friday. The changes aim to simplify the investment process and enhance user experience. Spot & ETFs · 1 month ago Bitcoin Surges Above $65K Amid Institutional Demand and Market Resilience Bitcoin has reclaimed the $65,000 mark, showcasing resilience despite negative news and market challenges. Institutional investments, particularly from ETFs, have bolstered demand, while smaller holders are retreating. Derivatives · 1 month ago SpaceX Stock Experiences Significant Fluctuations Following Lockup Expiration SpaceX shares surged over 12% after the expiration of an insider lockup, allowing 911.5 million shares to be sold. Despite initial fears of a sell-off, the stock rebounded, raising questions about its future trajectory. Hacks & Exploits · 1 month ago BitGo Investors Warned of Class-Action Deadline BitGo investors are receiving alerts about an impending August 7 deadline related to a proposed class-action lawsuit. This notice primarily concerns those wishing to lead the case against the crypto custodian, following allegations of misleading fina Stablecoins · 1 month ago Senate Postpones CLARITY Act Vote, Leaving Limited Time Before Midterm Elections The US Senate has delayed the vote on the CLARITY Act until September, complicating its chances of passage before the midterm elections. With unresolved disputes and limited legislative days, the bill's future remains uncertain. Companies · 1 month ago Coinbase to Suspend Loopring Trading, Complicating LRC Token Sales Coinbase is set to halt LRC-USD trading, complicating the sale of Loopring tokens. With limited trading options and Loopring's own exchange now non-operational, users face challenges in managing their LRC holdings. Companies · 1 month ago Wintermute Secures Key Regulatory Approval to Enter U.S. ETF Market Wintermute has achieved a significant milestone by registering as a broker-dealer with the SEC, allowing it to engage in digital asset exchange-traded products. This positions the firm to bridge traditional finance and crypto markets effectively. Stablecoins · 1 month ago Cypher and Osmosis Cardholders Face Urgent Deadline as Services Wind Down Users of Cypher and Osmosis cards must act quickly as services are set to cease operations. The last day for spending is August 7, with a final withdrawal deadline of September 6. Funding · 1 month ago MARA Holdings Sells Majority of Mined Bitcoin, Pledges 18,750 BTC for AI Project MARA Holdings has sold nearly all of its mined Bitcoin, pledging 18,750 BTC as collateral for a new AI-focused venture, raising concerns over its financial safety net. Funding · 1 month ago Trump Media Reassesses Crypto Endeavors Under Interim Leadership Trump Media and Technology Group has halted its cryptocurrency initiatives, including a partnership with Crypto.com, citing market saturation. The company will shift focus to Truth Social and data licensing.