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Project Overview
Founded in 2018, Bitget is a cryptocurrency exchange and Web3 company. As of early 2024, Bitget provides services to more than 100 countries and regions around the world, helping more than 25 million users achieve smart transactions through leading trading solutions such as copy trading.
Bitget Wallet Integrates RWA Protocol Reality, Supporting Over 1,700 Tokenized US Stocks
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
Jack Ma Increases Stake in Alibaba's Hong Kong-Listed Shares by Over HK$600 Million; US-Listed Stock Rises Approximately 2% in Pre-Market Trading
According to The Securities Times citing sources, as Alibaba launched a placement to raise capital, founder Jack Ma has purchased additional shares of the company's Hong Kong-listed stock over consecutive days, with a total value exceeding HK$600 million. According to Bitget market data, possibly influenced by this news, Alibaba's US-listed stock (BABA.N) rose approximately 2% in pre-market trading, following an earlier drop of more than 1%.
As trading activity heats up in global markets, Bitget's TradFi futures trading volume surpassed 150 million trades in August
Odaily News: According to the latest data from Bitget, as of August 20, the cumulative number of TradFi futures trades on the platform in August has exceeded 150 million, with a peak of 13.64 million trades in a single day. As demand for trading traditional financial assets such as U.S. stocks, forex, precious metals, and commodities continues to rise, trading activity on Bitget's TradFi segment has further increased.
Bitget Launches Stock+ US Stock Margin Trading, Initially Supporting 3,800+ Margin Trading and 2,300+ Short Selling Targets
Odaily News: According to Bitget's official announcement, the platform has officially launched the Stock+ US stock margin trading service. Users can access this feature by simply opening a Bitget Stock+ account. The initial offering supports margin trading for over 3,800 targets and short selling for over 2,300 targets (currently only supporting short selling of ETBs), with leverage of up to 3x. Among these, the annual interest rate for margin trading is 5%; during the promotional period, the annual interest rate for short selling is as low as 0%.The launch of this product further enriches the US stock trading scenarios available under Stock+. Users can engage in margin trading by using securities or assets in their accounts as collateral to borrow funds to purchase securities; they can also borrow securities to sell short, and later buy them back to return after the stock price declines, thereby meeting the needs of two-way trading (long and short) and improving capital efficiency.
Bitget Launches $300 Million "Archimedes Program" to Provide Dedicated Funding Support for Quantitative and Asset Management Institutions
Bitget announces the launch of the "Archimedes Plan (Project Archimedes)", establishing a dedicated fund with a total size of $300 million to provide capital support to quantitative trading firms, asset management institutions, and market makers. The plan comprises two sub-projects: a $100 million "Funding Support Plan" focusing on supporting emerging and growth-stage quantitative institutions adopting market-neutral strategies; and a $200 million "Interest-Free Loan Plan" targeted at institutions with mature strategies and certain trading volumes, where those meeting corresponding trading volume or position standards can obtain interest-free funds to reduce financing costs and expand strategy scale. Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming key factors determining whether strategies can achieve scalability. Project Archimedes aims to help teams with mature capabilities expand strategy scale through capital support, and is expected to support over 50 projects within the next six months. Meanwhile, leveraging the Bitget Unified Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining tokenized stock exposure and contract strategies simultaneously without cross-account transfers, thereby further improving capital efficiency. Project Archimedes will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will subsequently disclose progress regularly, including the number of participating institutions, fund deployment scale, and strategy distribution.
Bitget Releases rToken Institutional Cross-Asset Management Guide, Unified Account Supports Over 370 Collateral Assets
Bitget releases the rToken Institutional Cross-Asset Capital Management Guide, detailing how market makers, hedge funds, quantitative trading firms, prime brokers, and asset management companies can utilize its Unified Trading Account (UTA) to enhance capital efficiency between cryptocurrencies and tokenized US stocks. The guide focuses on portfolio construction and financing strategies, covering core trading scenarios such as cross-asset collateralization, dividend arbitrage, and lending structures that balance capital efficiency with risk isolation, providing a practical framework for institutions to optimize multi-asset allocation. Currently, Bitget's Unified Trading Account (UTA) supports over 370 collateralizable assets, including 105 tokenized US stocks. Eligible crypto assets and tokenized stocks can enter the same margin system, sharing collateral and offsetting margin requirements, helping institutions reduce idle funds scattered across exchange and brokerage accounts. Bitget CEO Gracy Chen stated that institutions do not lack access to the stock market; the real challenge lies in how to make capital operate efficiently between different markets. As tokenized assets gradually enter institutional portfolios, managing crypto assets and tokenized stocks under a unified framework will provide more possibilities for risk management and asset allocation.
Bitget hacker transfers $3.9 million in ZEC into Zcash privacy pool
Odaily reports: A wallet linked to the $387.5 million Bitget exploit transferred 2,746 ZEC into Zcash's Ironwood privacy pool on Wednesday across three transactions, worth approximately $3.9 million.The funds account for roughly 15% of the ZEC stolen on September 24. The Ironwood privacy pool can conceal the sender, recipient, and transfer amount, but investigators may still be able to trace the path of funds returning to public addresses through transaction timing and amounts. (CoinDesk)
Cosine: Bitget attacker breached third-party security products before moving laterally into wallet systems, no private key leakage found
Odaily News: Cosine disclosed the interim investigation reports by SlowMist and Google Cloud's Mandiant on the Bitget hot wallet breach. Both reports indicate that the attackers first compromised systems related to third-party security products, then moved laterally into Bitget's wallet business environment.SlowMist's investigation revealed that one of the third-party security product nodes had a zero-day vulnerability, with related malicious activity traced back to as early as August 31. On September 25, the attackers also used an internal employee identity to access the management platform of another third-party security product and used highly customized withdrawal tools to interact with the wallet system's withdrawal logic. Mandiant stated that after gaining persistent access through third-party security devices, the attackers moved laterally to production wallet task servers and deployed malicious programs.Mandiant also stated that no evidence of Bitget private key leakage has been found so far, and cold wallets were not affected. Both security teams are continuing to investigate the specific intrusion paths the attackers took between the relevant systems.
Mandiant Investigation: Attackers Gained Access to Bitget Wallet Environment Through Third-Party Security Devices
Odaily reports: Bitget stated on X platform that an investigation by Google Cloud's Mandiant into Bitget's September 24 security incident found that attackers gained unauthorized access to certain third-party security devices, then laterally moved into Bitget's exchange wallet environment and obtained access to both warm and hot wallets. The investigation findings are consistent with the attack path previously disclosed by Bitget.
SlowMist: Bitget hack involved a zero-day vulnerability in a third-party security product, attacker used custom withdrawal tool
Odaily News — SlowMist security team has disclosed preliminary investigation findings on the September 25 theft of assets from Bitget's hot wallet. The investigation found that the attack involved certain third-party security products and wallet application hosts, with a zero-day vulnerability present in one of the third-party products. The attacker also gained unauthorized access to a third-party product management platform by impersonating an internal employee.SlowMist stated that the team has obtained the custom withdrawal tool used by the attacker to interact with the wallet system's withdrawal logic. On-chain attack activity began at 2:31 on September 25, lasted approximately 2 hours and 52 minutes, and involved multiple blockchains. The attacker subsequently attempted to tamper with withdrawal records and trigger additional BTC withdrawals. The team is still investigating how the attacker moved laterally between the affected systems.
$388 Million in Crypto Assets Stolen, Bitget CEO Says Full Recovery Unlikely
Odaily News — Gracy Chen, CEO of cryptocurrency exchange Bitget, said the company is not optimistic about recovering the $388 million in crypto assets lost in last week's security incident. Citing the Bybit hack in 2025 as a reference, she noted that approximately one year after that incident, only about 3.5% of the stolen funds had been frozen, and that this does not equate to a completed recovery.Bitget has set up a bounty program offering 5% rewards for frozen funds and recovered funds respectively. The NEAR Intents team said it has intercepted over $50 million in assets related to the attack and frozen approximately $500,000. Tether and Circle have blacklisted the relevant wallets, freezing $318,000 worth of USDT and USDC.Gracy Chen stated that preliminary investigations indicate the attack may match VPN addresses used by North Korea-linked groups, but Bitget has not yet fully ruled out the possibility of an insider job. Bitget has resumed withdrawals in phases, starting with Bitcoin transactions on Monday and continuing with ETH transactions on Tuesday. (Cointelegraph)
First such security incident in 8 years of operations, Bitget publishes attacker addresses and tracing data
Odaily News: According to Bitget monitoring, Mandiant and SlowMist are continuing to support the investigation and on-chain tracing of this incident. Bitget has published the identified attacker addresses and related tracing data to support industry collaboration and asset recovery efforts.Bitget expects to complete its internal security report this week and will release further updates once the investigation findings are verified. Bitget stated that the September 24 incident was the first such security event in its 8 years of exchange operations.
Bitget Stock+ Launches "Multi-Leg Options Strategy" Feature
according to an official announcement, Bitget Stock+ has launched its "Multi-Leg Options Strategy" feature. The specific strategies include Covered Call/Put, Vertical Spreads, Straddle & Strangle, and Collar, further catering to users' professional trading needs in risk hedging, volatility trading, and directional speculation.Additionally, this feature supports a Portfolio Margin mechanism. When options positions are opened and form a risk hedge against a user's existing holdings, the system will automatically reduce or offset the corresponding margin requirements, helping to improve users' capital efficiency.Furthermore, the multi-leg strategy supports users in flexibly building and closing positions leg by leg (Leg in/Leg out). Currently, this feature is available during regular trading hours from 9:30 to 16:00 EST. For more product details, please refer to Bitget's official platform.
Bitget hacker transfers $3.9 million in ZEC into Zcash privacy pool
Odaily reports: A wallet linked to the $387.5 million Bitget exploit transferred 2,746 ZEC into Zcash's Ironwood privacy pool on Wednesday across three transactions, worth approximately $3.9 million.The funds account for roughly 15% of the ZEC stolen on September 24. The Ironwood privacy pool can conceal the sender, recipient, and transfer amount, but investigators may still be able to trace the path of funds returning to public addresses through transaction timing and amounts. (CoinDesk)
ZachXBT: Bitget attacker begins transferring approximately 2,700 ZEC to the Ironwood mixer.
链上侦探 ZachXBT 发文表示，Bitget 被盗事件中疑似朝鲜关联的攻击者已开始将约 2700 枚 ZEC（约 380 万美元）转入 Zcash 的 Ironwood 屏蔽池。Bitget 热钱包此前共被盗约 1.89 万枚 ZEC，价值约 2830 万美元。
Bitget P2P withdrawals will open at 8:00 UTC on Friday
According to Odaily, the Bitget CEO posted on the X platform that P2P withdrawals will open at 8:00 UTC on Friday, along with other features.
Protection fund scale returns to $206 million, Bitget transfers in 2,000 BTC in 2 hours
Odaily reports: According to on-chain analyst Ai Yi's monitoring, Bitget transferred 2,000 BTC from its cold wallet to the protection fund address over the past 2 hours, worth $166 million. Currently, the on-chain balance of this address is 2,484.71 BTC, worth $206 million. Previously, GracyBitget and xiejiayinBitget had promised to top up the protection fund to $300 million within one week.
Bitget has shifted to net capital inflow, with $31.73 million in net deposits during the first 8 hours of today
Odaily reports: According to monitoring by Yu Jin, Bitget has entered its third day since opening withdrawals. The peak withdrawal period has now passed, and combined with stablecoin fixed-yield offerings and PoolX ETH and BTC locked staking mining campaigns, the platform's funds have shifted to net inflow.Among these, ETH has seen approximately 28,900 ETH inflow and approximately 7,266 ETH outflow since withdrawals opened yesterday afternoon. The largest deposit address retrieved 20,000 ETH from Lido last night and transferred it to Bitget, worth approximately $54.66 million, to participate in the ETH pool's 11.27% APR campaign.Additionally, data shows that Bitget's net deposits for the full day yesterday were approximately $9.47 million, with net deposits of approximately $31.73 million from 0:00 to 8:00 today.
Bitget Announces Resumption of Normal Operations After $388 Million Hacker Attack
Bitget announced it will gradually resume normal operations following a fund loss incident of approximately $388 million. Its protected Operations Protection Fund absorbed the financial impact of the loss, though the cause of the attack has not yet been fully determined.
Bitget hacker transfers $3.9 million in ZEC into Zcash privacy pool
Odaily reports: A wallet linked to the $387.5 million Bitget exploit transferred 2,746 ZEC into Zcash's Ironwood privacy pool on Wednesday across three transactions, worth approximately $3.9 million.The funds account for roughly 15% of the ZEC stolen on September 24. The Ironwood privacy pool can conceal the sender, recipient, and transfer amount, but investigators may still be able to trace the path of funds returning to public addresses through transaction timing and amounts. (CoinDesk)
ZachXBT: Bitget attacker begins transferring approximately 2,700 ZEC to the Ironwood mixer.
链上侦探 ZachXBT 发文表示，Bitget 被盗事件中疑似朝鲜关联的攻击者已开始将约 2700 枚 ZEC（约 380 万美元）转入 Zcash 的 Ironwood 屏蔽池。Bitget 热钱包此前共被盗约 1.89 万枚 ZEC，价值约 2830 万美元。
Cosine: Bitget attacker breached third-party security products before moving laterally into wallet systems, no private key leakage found
Odaily News: Cosine disclosed the interim investigation reports by SlowMist and Google Cloud's Mandiant on the Bitget hot wallet breach. Both reports indicate that the attackers first compromised systems related to third-party security products, then moved laterally into Bitget's wallet business environment.SlowMist's investigation revealed that one of the third-party security product nodes had a zero-day vulnerability, with related malicious activity traced back to as early as August 31. On September 25, the attackers also used an internal employee identity to access the management platform of another third-party security product and used highly customized withdrawal tools to interact with the wallet system's withdrawal logic. Mandiant stated that after gaining persistent access through third-party security devices, the attackers moved laterally to production wallet task servers and deployed malicious programs.Mandiant also stated that no evidence of Bitget private key leakage has been found so far, and cold wallets were not affected. Both security teams are continuing to investigate the specific intrusion paths the attackers took between the relevant systems.
Mandiant Investigation: Attackers Gained Access to Bitget Wallet Environment Through Third-Party Security Devices
Odaily reports: Bitget stated on X platform that an investigation by Google Cloud's Mandiant into Bitget's September 24 security incident found that attackers gained unauthorized access to certain third-party security devices, then laterally moved into Bitget's exchange wallet environment and obtained access to both warm and hot wallets. The investigation findings are consistent with the attack path previously disclosed by Bitget.
SlowMist: Bitget hack involved a zero-day vulnerability in a third-party security product, attacker used custom withdrawal tool
Odaily News — SlowMist security team has disclosed preliminary investigation findings on the September 25 theft of assets from Bitget's hot wallet. The investigation found that the attack involved certain third-party security products and wallet application hosts, with a zero-day vulnerability present in one of the third-party products. The attacker also gained unauthorized access to a third-party product management platform by impersonating an internal employee.SlowMist stated that the team has obtained the custom withdrawal tool used by the attacker to interact with the wallet system's withdrawal logic. On-chain attack activity began at 2:31 on September 25, lasted approximately 2 hours and 52 minutes, and involved multiple blockchains. The attacker subsequently attempted to tamper with withdrawal records and trigger additional BTC withdrawals. The team is still investigating how the attacker moved laterally between the affected systems.
Bitget and Block Scholes jointly released a research report showing that capital requirements can be reduced by approximately 48% when using a cross-asset unified account.
Bitget, in collaboration with digital asset research firm BlockScholes, has released a new research report analyzing the synergies between tokenized stocks and crypto assets within a unified trading account. In the report, BlockScholes simulated a $1 million portfolio comprising AI and semiconductor tokenized stocks, BTC and ETH perpetual contracts, and a Nasdaq 100 ETF perpetual contract.
Bitget Has Listed Perpetual Contracts for 4 Stocks Including USDE and VKTX
Odaily News: According to an official announcement, Bitget has listed perpetual contracts for 4 stocks: USDESTOCK (StablecoinX), VKTX (Viking Therapeutics), PCVX (Vaxcyte), and XP (XP).The above contracts are settled in USDT, support up to 20x leverage, and offer 7×24 hour trading. As of now, the Bitget platform supports a total of 337 stock contract underlying assets.
Bitget Stock+ Launches "Multi-Leg Options Strategy" Feature
according to an official announcement, Bitget Stock+ has launched its "Multi-Leg Options Strategy" feature. The specific strategies include Covered Call/Put, Vertical Spreads, Straddle & Strangle, and Collar, further catering to users' professional trading needs in risk hedging, volatility trading, and directional speculation.Additionally, this feature supports a Portfolio Margin mechanism. When options positions are opened and form a risk hedge against a user's existing holdings, the system will automatically reduce or offset the corresponding margin requirements, helping to improve users' capital efficiency.Furthermore, the multi-leg strategy supports users in flexibly building and closing positions leg by leg (Leg in/Leg out). Currently, this feature is available during regular trading hours from 9:30 to 16:00 EST. For more product details, please refer to Bitget's official platform.
Bitget PoolX: Lock ETH to Unlock a $200,000 Airdrop
Bitget PoolX is about to launch a new round of its ETH locking event. Users can lock ETH to participate in sharing a $200,000 airdrop, with a personal locking cap of 1,500 ETH. The locking period is from October 5, 15:00 to October 9, 15:00 (UTC+8).This round of PoolX supports a long-term holding bonus mechanism. The system will provide a 1x additional bonus on the locked amount based on the user's minimum holding of the corresponding locked asset over the past 15 days. For more details, please refer to Bitget's official platform.
Bitget PoolX: Lock BTC to Unlock 1.11 Million CT Airdrop
Concrete (CT) will soon be available on Bitget PoolX. Users can lock BTC to participate in claiming the 1,111,111 CT airdrop, with an individual lock cap of 50 BTC. The lock-up period runs from October 4, 22:00 to October 12, 22:00 (UTC+8).
Bitget PoolX: Lock XAUT, SOL, and XRP to Unlock 100,000 BGB
Odaily News: Bitget PoolX has launched a new round of lock-up events, where users can lock XAUT, SOL, or XRP to participate in sharing a 100,000 BGB airdrop. The lock-up channel will be open from October 2 at 14:00 to October 9 at 14:00 (UTC+8).Among them, the XAUT lock-up pool has a total airdrop of 45,000 BGB, with an individual lock-up cap of 300 XAUT; the SOL lock-up pool has a total airdrop of 35,000 BGB, with an individual lock-up cap of 10,000 SOL; the XRP lock-up pool has a total airdrop of 20,000 BGB, with an individual lock-up cap of 400,000 XRP.This round's XAUT lock-up pool supports a long-term holding bonus mechanism. The system will provide an additional bonus on the locked amount based on the user's minimum XAUT holdings over the past 15 days. For more details, please refer to the official Bitget platform.
Related news
Bitget and Block Scholes jointly released a research report showing that capital requirements can be reduced by approximately 48% when using a cross-asset unified account.
Bitget, in collaboration with digital asset research firm BlockScholes, has released a new research report analyzing the synergies between tokenized stocks and crypto assets within a unified trading account. In the report, BlockScholes simulated a $1 million portfolio comprising AI and semiconductor tokenized stocks, BTC and ETH perpetual contracts, and a Nasdaq 100 ETF perpetual contract.
Bitget Has Listed Perpetual Contracts for 4 Stocks Including USDE and VKTX
Odaily News: According to an official announcement, Bitget has listed perpetual contracts for 4 stocks: USDESTOCK (StablecoinX), VKTX (Viking Therapeutics), PCVX (Vaxcyte), and XP (XP).The above contracts are settled in USDT, support up to 20x leverage, and offer 7×24 hour trading. As of now, the Bitget platform supports a total of 337 stock contract underlying assets.
Bitget "Ride Along Program" real-time prize pool reaches 3.49 million USDT
Odaily News: According to Bitget official data, its "Ride Along Program" real-time cumulative prize pool has reached 3.49 million USDT. Previous data showed that the first two batches of the program have distributed nearly 2.8 million USDT in rewards to over 1.5 million users.It is reported that the campaign will continue until October 26. During the campaign, Bitget will continue to allocate 30% of its platform trading fee revenue to establish an exclusive user prize pool, and eligible users can participate in the distribution without registration.
Bitget Stock+ Launches "Multi-Leg Options Strategy" Feature
according to an official announcement, Bitget Stock+ has launched its "Multi-Leg Options Strategy" feature. The specific strategies include Covered Call/Put, Vertical Spreads, Straddle & Strangle, and Collar, further catering to users' professional trading needs in risk hedging, volatility trading, and directional speculation.Additionally, this feature supports a Portfolio Margin mechanism. When options positions are opened and form a risk hedge against a user's existing holdings, the system will automatically reduce or offset the corresponding margin requirements, helping to improve users' capital efficiency.Furthermore, the multi-leg strategy supports users in flexibly building and closing positions leg by leg (Leg in/Leg out). Currently, this feature is available during regular trading hours from 9:30 to 16:00 EST. For more product details, please refer to Bitget's official platform.
Bitget Peer Program's Second Batch of Rewards Has Been Distributed, with Cumulative Rewards Nearly 2.8 Million USDT
Odaily News: According to official Bitget data, the second batch of rewards for its "Peer Program" has now been fully distributed. As of now, the platform has cumulatively distributed 2,786,953 USDT in rewards to 1,529,978 users.This campaign will continue until October 26, and users can participate without registration. During this period, Bitget will continue to allocate 30% of its platform trading fee revenue to establish an exclusive user reward pool, offering trading rewards, asset rewards, and VIP-exclusive benefits to different user groups.
Bitget's User Protection Fund has been replenished to 3,705 BTC, valued at $316 million
According to a post by Xie Jiayin on X, Bitget's latest proof of reserves for 19 mainstream assets stands at 131%; the User Protection Fund has been replenished to 3,705 BTC using Bitget's own funds, currently valued at $316 million.