hack or exploit
THORChain Refused to Block the $387M Bitget Hacker. Here’s Why | Chad Barraford
23Importance
closedStatus
1News media
1Pieces
- Published
Key claims & sources
Summary in preparation.
Market reaction i
+3.3%
2 h before
-1.5%
4 h after
$0.6400price at publication
12data points
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
The Defiant
scoop
Nov 3 18:07
Breaks the event: $387.5M
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 4.0 years ago | FTX · Phishing incident | $450M |
| 5.9 years ago | OneCoin · Scam incident | $440M |
| 43 days ago | Bitget · Hot Wallet Key Compromised incident | $387M |
| 43 days ago | Bitget · Internal system compromise incident | $351.6M |
| 4.8 years ago | Portal · Signature Verification Flaw incident | $326M |
4280 incidents stored · 23 were as large as this one or larger ($387M)