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Bitget CEO live-streamed a response to the platform's first security incident in eight years: the attack originated from a vulnerability in a third-party security product, and the losses will be covered by the user protection fund

In today's community live stream, Bitget CEO Gracy responded to recent security incidents and the platform's financial status. She candidly stated that this is the first security incident encountered by Bitget in its 8 years of establishment. After a complete trace, it was found that hackers exploited vulnerabilities in third-party security products to steal internal network access credentials, forged withdrawal commands to the wallet system, and deceived the wallet into executing abnormal transfers that bypassed risk checks. Gracy emphasized that no private keys were leaked during this incident, and cold wallets were unaffected. Specific technical details will be disclosed in a formally released security report.Gracy pointed out that the verified losses from this incident are within the coverage of the protection fund, and user funds are not affected. The platform's own funds exceed 1.4 billion dollars, which includes approximately 464 million dollars in the user protection fund. The platform will continue to uphold the security commitments made when the protection fund was established in 2022, planning to replenish the fund to the baseline of 300 million dollars within a week."The protection fund is not just a slogan, but an important mechanism that provides tangible protection for users in the event of extreme security incidents," Gracy stated. In the face of sudden security challenges, the platform's comprehensive strength and its ability to take responsibility are important criteria for measuring its risk response capability and long-term credibility. Bitget will continue to uphold its long-term commitment to prioritize user interests.

first_img MEXC user: API not revoked after account was hacked, approximately 340,000 USD was transferred away

A MEXC user posted on X that their account was compromised after someone reset the security items. MEXC has confirmed the account was hacked, frozen the account, and assisted in recovery, but did not revoke the API left by the attacker. From 04:12 to 04:25 on September 27, 2026 (Beijing time), the account transferred out 322,110 USDT and 9,133,999 ONE, totaling approximately $340,000, about 27 minutes after the 24-hour transfer limit was lifted.The user stated that at 03:10 on September 25, they received a reset security item email that was not submitted by them, and about 10 minutes later, the request was approved. Subsequently, the account was logged in from an IP in Jakarta, Indonesia, bound to Google verification, and at 05:05, an API was created, approximately 83 seconds after logging in. At 10:55 that day, MEXC froze the account after a risk review and reverted to the original email. Customer service responded in writing that the review materials met the requirements, so the binding change was approved, and after the risk review, the account was urgently frozen and reverted to the initial email. The user changed their password and Google verification on September 26 but stated that the API was not revoked, and there were no related records in the security operation history.The user also claimed that there were no new login records in the login history when the assets were transferred out. They have submitted a formal claim to MEXC and attempted to report to the police, with the ticket number M2026092712031, requesting the platform to preserve logs, provide a written explanation of the review and API situation, and return the aforementioned assets. MEXC customer service stated that it is currently unable to confirm whether these transfers were initiated via APP, WEB, or API, and the issue has been forwarded to the relevant department.

first_img Samsung Electronics accelerates the construction of the first mass production line in Pyeongtaek P5, with the equipment introduction target moved up to the second quarter of next year

According to a report by ZDNet Korea on September 28, Samsung Electronics is accelerating the construction of the first mass production line (Ph1) at the Pyeongtaek Fifth Campus (P5) and is discussing with major equipment manufacturers to move the target for Ph1 equipment installation from the originally planned third quarter of next year to the second quarter of next year. P5 is the next-generation semiconductor production base aimed to be operational by 2028, and the construction of the Ph1 cleanroom began in the third quarter of this year.Samsung Electronics had previously advanced the completion of the P5 Ph1 cleanroom, originally scheduled for early next year, by about six months, so the equipment installation is expected around the third quarter of next year. Industry insiders say that the start time for equipment installation is planned to be moved up from July to August next year to around May to June next year; others have indicated that Samsung has even proposed to deliver equipment in the first quarter of next year for temporary storage at other locations, showing a strong willingness to invest early.Discussions on the investment for the second phase of P5 (Ph2) are also progressing. Currently, Ph1 is more likely to be built as a DRAM and HBM production line, while Ph2 is more likely to be built as an advanced NAND production line, including the tenth generation (V10). Equipment industry insiders say that formal purchase orders have not yet been placed, but Samsung has discussed building Ph2 as a NAND production line with partners, and due to the long equipment delivery cycle, they are requesting to prepare relevant components in advance. Reports indicate that large global tech companies are increasing orders for high-performance DRAM and NAND for AI infrastructure, while storage companies like Samsung have limited production capacity. Samsung stated during the second quarter earnings call in July that unmet demand this year will extend into next year, and the supply shortage next year will be more severe than this year, with shortages expected to continue until 2028.

Ministry of State Security: The so-called anonymity of virtual currency is a false proposition

The Ministry of State Security's WeChat public account published an article titled "Is Virtual Currency Crime Untraceable? Think Again!" stating that virtual currency has become an important tool for criminals engaging in illegal activities. The associated risks include being a "hotbed" for money laundering crimes, a "shelter" for cyber attacks, and an "accomplice" for espionage and theft. The article argues that the so-called "anonymity" of virtual currency is fundamentally a false proposition.The article states that blockchain is open and transparent, on-chain data is immutable, and complete transaction records are preserved, which can provide a basis for full-chain traceability. Address anonymity is merely a temporary separation of wallet addresses from real identities, and fiat currency exchanges leave traces such as device codes and network IPs. The article summarizes this as examining the ledger, checking the chain, and discussing the private key: the entire transaction leaves traces, making it difficult to hide real identities; if the private key is kept by the individual, it cannot be recovered if lost, while if it is entrusted to a platform, there is a risk of platform bankruptcy or disappearance.The article also mentions that in February 2026, the People's Bank of China and several departments reiterated that Bitcoin, Ethereum, Tether, and others should not and cannot be used as circulating currency, and related activities are classified as illegal financial activities, which are strictly prohibited. The article warns to be cautious of high-paying part-time jobs that settle in virtual currency and states that reports can be made through 12339, www.12339.gov.cn, the Ministry of State Security's WeChat public account, or local national security agencies.
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