Bitget Reveals $352M Backend Breach

Bitget says attackers stole $351.6 million by compromising a wallet backend and spoofing transaction data—not by taking private keys. Stablecoin issuers froze one exploiter address, but most of the loss remains in Ether. Does reimbursement restore trust when the internal approval process itself failed?

Also covered: United States spot Bitcoin funds turning positive for 2026 after 6 consecutive inflow days, the September Bitcoin options expiry completing, Ethena adding tokenized equities to USDe’s basis strategy, Strategy proposing daily preferred dividends, Tether disclosing limited exposure to EQIBank, and Switchboard technical support ending on Solana.

Listener question: Would you resume using an exchange after full reimbursement, or would a backend authorization failure change where you keep long-term holdings?

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