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Bitget loses $351.6 million to hackers, so why is BGB barely flinching? Follow up.
The attacker still controls roughly 24,590 ether across three wallets created during the breach. That is a potential source of selling pressure on ETH if the funds are sold rather than laundered through privacy tools. For BGB, most of the price is set on Bitget's own platform, so quotes elsewhere ma
Why it matters
BGB · Why linked: The token is the native exchange token of Bitget, the platform directly affected by the hack. Market context: Despite the large hack, the token has held up so far, but unresolved stolen funds remain an overhang that could pressure the price.
ETH (Ethereum) · Why linked: The attacker controls roughly 24,590 ETH that could be sold, creating direct selling pressure on Ether. Market context: Potential liquidation of ~$80M+ in stolen ETH creates a tangible risk of selling pressure on the Ethereum market.
BTC (Bitcoin) · Why linked: Large exchange hacks historically trigger contagion risk and can pressure the broader crypto market including Bitcoin. Market context: Significant crypto exchange security breaches tend to weigh on overall crypto sentiment and can drag major tokens lower.
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