Newsig · Forex News
Hackers drain $351.6 million from Bitget in possibly 2026's biggest crypto heist
Bitget's own token, BGB, fell roughly 5% after reports of the hack began circulating late in the US session. The broader crypto market is up nearly 10% over the past week, which suggests traders see this as a Bitget problem rather than a threat to the whole sector. The attacker's rushed ether buying
Why it matters
BGB · Why linked: Bitget's native token fell roughly 5% directly after reports of the $351.6M hack circulated. Market context: A confirmed $351.6M theft from Bitget exchange could weigh on platform-native tokens due to reputational damage and reduced user trust.
BTC (Bitcoin) · Why linked: Major exchange hacks can spill over into broader crypto sentiment and trigger selling pressure. Market context: A $351.6M exchange hack, the largest of 2026 so far, may create short-term negative sentiment across the crypto market.
How BTC usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| BTC | 4 | +1.58% | 25% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy