Bitget says suspected North Korean attackers took $351.6 million from its hot and warm wallets by spoofing the transaction data that triggers its signing process. Its $464 million user protection fund, held in bitcoin, covers the loss.
Perspective Coverage
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- Builder
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- Operator 42%
- Investor
- Investor 31%
Reality
- Evidence55
- Adoption
- Insufficient
- Hype gap+25
- Incentives70
- Confidence60
Bitget says attackers took over a wallet backend, faked transaction data and got the exchange's own authorization process to move $351.6 million out. No key was reported stolen, so the failure is in where the approvers got their facts.
Reality
- Evidence45
- Adoption
- Insufficient
- Hype gap+10
- Incentives55
- Confidence50
Japan's 10-year bond yield hit 3.075%, its highest since 1996, after the Bank of Japan raised its policy rate to 1.25%. BlackRock's scenario for money shifting home from Treasuries puts it at $55 billion, 5% of Japan's $1.1 trillion holding.
Reality
- Evidence55
- Adoption
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- Hype gap+15
- Incentives35
- Confidence45
The SEC published its Innovation Exemption for digital securities this week. The part that binds is a requirement that a tokenized NMS stock carry the same dividends, votes and liquidation rights as the share.
Reality
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- Hype gap+62
- Incentives88
- Confidence45
Two days of spot ETF inflows add to roughly $1.12 billion. The short liquidations cited alongside them are more than three times that, and they only pay once.
Reality
- Evidence32
- Adoption46
- Hype gap+34
- Incentives71
- Confidence38