Flash News

TREE NEWS update: Yuga Labs CEO Michael Figge said on September 25 that an exploit was discovered hours earlier, with team member Quit conducting a white-hat rescue and all affected assets safe. Quit confirmed the operation, saying all assets at address 0x71cF3f5724bD2B72Ef6464992aCd26216DE7fe33 are secure and will be returned once the risk is eliminated. The disclosure follows an apparent hack on Magic Eden in which a white-hat hacker moved 3,832 NFTs from hundreds of wallets.

TREE NEWS update: Samourai Wallet co-founder Keonne Rodriguez says he and 70 other inmates face another move after their treatment program was deactivated, following a previous transfer that took 30 days. He described the situation as a 30-day ordeal. No further details on the destination or timing were given.

TREE NEWS update: Bitget CEO Gracy Chen said the exchange is working with independent third-party experts Mandiant and SlowMist on a full investigation into a security incident. Bitget Wallet, a self-custody wallet running on infrastructure fully separate from the exchange, was unaffected, and deposit and trading-reward functions remain operational. Withdrawals are temporarily suspended pending additional security checks and will resume as soon as it is confirmed safe.

TREE NEWS reports: Magic Eden is suspected to have been hacked, with a white-hat hacker moving 3,832 NFTs out of hundreds of wallets. The NFT marketplace has not issued a statement on the incident. No value for the transferred NFTs was given.

TREE NEWS update: On-chain investigator ZachXBT said he helped a user recover about $275,000 stolen by an Indian phone-scam ring this month, but the client has gone silent for roughly four weeks while remaining active on X. He added that since June 2026, three people have failed to pay agreed fees after he completed recovery work, totaling about $100,000, and said he will no longer answer unsolicited DMs, taking cases only via trusted mutual contacts.

TREE NEWS reports: Whale Loracle fully closed a 20x leveraged gold long position, realizing a cumulative loss of about $1.2535 million. The trader still holds short positions in altcoins ENA, NEAR and CASHCAT and in US equities SanDisk, Nvidia and Micron, worth roughly $79.385 million with an unrealized loss of about $6.765 million, an ROI of about -45%. A separate address holds a 3x HYPE short of 104,699.13 tokens, worth about $9.669 million, with an unrealized loss of about $2.895 million.

TREE NEWS reports: Garrett Jin has transferred a cumulative $146.98 million to Binance, leaving just $92,100 in his Hyperliquid account, on-chain data tracked by Arkham shows. Hours later, $200 million moved out of Binance to a cluster of wallet addresses that lost $50 million in March while attempting to buy AAVE through a mobile app interface.

TREE NEWS reports: Bitcoin fell below $84,000, trading at $83,984.70 per coin, down 0.52% on the day. The move marks a fresh intraday low for the largest cryptocurrency.

TREE NEWS reports: Binance recorded its largest Bitcoin outflow since 2023 as FOMO sentiment gripped the market, CryptoQuant analyst Darkfost said. BTC has gained about 45% since hitting a high in July, breaking a key structural level by closing above May’s $82,000 peak for several consecutive days. Accumulation appears to be continuing through the rally, as reflected in exchange BTC flows.

TREE NEWS reports: Circle issued about $10.1 billion of USDC and redeemed about $9.8 billion in the seven days to Sept. 21, lifting the stablecoin’s circulating supply by roughly 300 million tokens. Total USDC in circulation now stands at 74.6 billion, backed by about $74.8 billion in reserves, including $41.2 billion in overnight reverse Treasury repo, $26.5 billion in Treasuries maturing within three months, $5.9 billion in systemically important institution deposits and $1.2 billion in other bank deposits.

TREE NEWS update: KelpDAO has sued LayerZero and co-founder Bryan Pellegrino over the exploit of the rsETH LayerZero cross-chain bridge earlier this year, alleging the incident stemmed directly from LayerZero’s negligence, including failing to disclose inherent technical weaknesses and risks and failing to prevent its security infrastructure from being breached. KelpDAO said LayerZero has publicly blamed it over recent months, but records show LayerZero reviewed and approved its technical deployment and configuration in writing.

TREE NEWS reports: Researchers have proposed a way to bring Zcash-style shielded transfers to Bitcoin using zero-knowledge proofs and encrypted notes, hiding transaction details without altering Bitcoin’s consensus rules or requiring a soft fork. The proposal would leave Bitcoin’s core protocol untouched, but the researchers have raised open questions about the anonymity guarantees it provides and its resistance to quantum computing attacks.

TREE NEWS reports: Ethereum spot ETFs drew $66.01 million in net inflows on Sept. 24, extending the streak to five consecutive days. BlackRock’s ETHA led with $26.81 million, bringing its all-time net inflow to $13.23 billion. Fidelity’s FETH followed with $21.45 million, for a cumulative $2.42 billion.

TREE NEWS reports: US spot bitcoin ETFs recorded a net inflow of $191 million on September 24, marking a sixth consecutive day of positive flows. BlackRock’s IBIT led with $163 million, bringing its all-time net inflow to $65.185 billion. Fidelity’s FBTC followed with $12.862 million, for a cumulative $11.014 billion.

TREE NEWS update: US Defense Secretary Pete Hegseth reported at least $3.1 million in family cash, retirement investments and Bitcoin in his newly released 2025 financial disclosure. The filing lists three cash accounts, including one with a balance over $1 million, and Bitcoin valued at roughly $16,000 to $65,000.

TREE NEWS update: Block has joined the x402 Foundation, an open-standards body for AI-agent payments, and contributed Bitcoin Lightning payment capability to the project, aiming to build infrastructure for payments between individuals, businesses and AI agents. The foundation was established in April under the Linux Foundation, with supporters including Google, Microsoft, AWS, Coinbase and the Solana Foundation.

TREE NEWS update: Bybit CEO Ben Zhou said on September 25 that the Bybit team is ready to offer Bitget any assistance it can. The offer follows a hack at Bitget, and Zhou noted that Bitget had previously helped Bybit when Bybit suffered its own security breach.

TREE NEWS update: Bitget said losses from an incident involving its hot wallet will be covered by its protection fund, which holds 5,500 BTC worth about $464 million at current prices. The exchange said all fund wallet addresses are public and verifiable on-chain, and that it will replenish the fund. Specific details and compensation terms will be announced separately.

TREE NEWS update: Bitget’s Chinese-language lead Xie Jiayin said the exchange has commissioned a third-party security team to conduct an independent forensic investigation into the recent attack. Multiple teams are working to verify remediation measures, confirm the attack vector and assist law enforcement. Withdrawals will reopen once all potential risks are cleared, and findings will be shared once the matter concludes.