$387M Breach: Bitget Demands THORChain Halt Exploit-Linked Transactions

Bitget's CEO Gracy Chen has urged THORChain to halt transactions linked to an exploit that drained approximately $387.5 million from its wallets.

The request comes after Circle and Tether intervened on September 25, stopping nearly $318,000 in stablecoin movement related to the hack.

THORChain's security risks have been highlighted by this incident, which underscores the importance of custodial interventions across decentralized exchange (DEX) and centralized exchange (CEX) infrastructure.