Evening Wrap · October 5, 2026
The crypto market faced a major security breach on Oct. 5, 2026, as exchange Bitget halted withdrawals following a $387.5 million exploit, while Bitmine's corporate Ethereum treasury reached $17.4…
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Bitget Freezes Withdrawals Following $387.5 Million Multi-Chain Exploit
Bitget halted user withdrawals after attackers routed $387.5 million in digital assets to controlled wallets across Ethereum-compatible chains, TRON, XRP Ledger, and Zcash.
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Bitmine Treasury Hits 6.02M ETH as Total Reserves Reach $17.4 Billion
The NYSE-listed firm acquired 15,112 $ETH over the past week, bringing its total holdings to 4.9% of the circulating supply.
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CFTC Proposes Dedicated Regulatory Framework for Retail Crypto Markets
The CFTC issued an Advance Notice of Proposed Rulemaking on Oct. 5, 2026, to establish a 'crypto asset market' registration subcategory under the designated contract market framework, opening a 60-day public comment…
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CFTC Chairman Selig Highlights Gaps in State Money-Transmitter Rules
In an Oct. 5, 2026, address at Fordham Law, CFTC Chairman Michael Selig stated that state money transmission frameworks lack federal safeguards, such as anti-manipulation and conflict mitigation standards, for digital…
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Illicit Escrow Networks Adapt to Telegram Bans as Tudou Volumes Surge
On-chain data reveals illicit escrow providers adapted to Telegram's May 13, 2025, channel removals by migrating to allied platforms.
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US Treasury Sanctions Hamas Network Over $2M Crypto and Charity Scheme
The Office of Foreign Assets Control sanctioned three individuals and two French entities for using charities and cryptocurrency to finance Hamas.
The numbers
Bitcoin traded flat at $85,804, Ether rose 0.3% to $2,713, and Solana fell 0.6% to $120.62, bringing the total crypto market capitalization to $2.89 trillion.
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