Bitget Traces $387.5 Million Hack to Compromised Security Appliances
Bitget has released preliminary forensic findings into the $387.5 million theft from its wallet infrastructure. Investigators traced the intrusion through compromised third-party security products into Bitget’s wallet systems, where fraudulent withdrawal commands continued after platform-wide restrictions began.
Citi Institutional Clients Can Accept Stablecoin Payments Through Coinbase
Citi and Coinbase have expanded their payments collaboration to let institutional clients accept stablecoins while settling in fiat. The arrangement also uses Citi’s Virtual Account Wallet to support Coinbase Virtual Accounts for payments customers.
Senate Report Questions Tether’s Response to 846 Iran-Linked Wallets
A Senate Democratic report reviewed 846 Iran-linked cryptocurrency wallets and found extensive use of USDT. The report questions Tether's response to sanctioned wallets, while the company points to hundreds of millions of dollars in Iran-linked freezes and cooperation with law enforcement.
Kalshi Loses Appeal Over Ohio and Tennessee Sports Betting Rules
Ohio and Tennessee can enforce their sports wagering rules against Kalshi while litigation continues, the Sixth Circuit has ruled. The decision deepens a federal court split over whether state gambling regulators can restrict sports contracts offered by federally regulated prediction markets.
New York Sues Polymarket and Seeks to Block State Access
New York is asking a court to stop Polymarket from operating in the state without a gaming license. Polymarket has moved the dispute to federal court, where its challenge could intersect with a pending Second Circuit appeal over prediction-market regulation.
