The Weekly Grind (Sep 22–Sep 28): SEC Down to Two, $351M Bitget Hack
SEC's Peirce exits, Bitget loses $351M, and Robinhood memecoins scam $18.4M.
SEC's Peirce exits, Bitget loses $351M, and Robinhood memecoins scam $18.4M.
At 18:31 UTC on September 24, Bitget detected unauthorized transfers from its hot and warm wallets. The final count was $351.6 million, the biggest crypto hack of 2026 so far. The CEO says no private keys leaked. The attackers got into a third-party tool Bitget uses every day, forged transfer instructions, and let Bitget's own signing system approve them. It's the same basic approach as the $1.5B Bybit heist. Here's what was taken, where it went, and why it matters for anyone working in exchange security.