user funds

Bitget

2026-09-28 07:54:23

Bitget CEO says protection fund will be replenished to $300 million within a week after security incident

Bitget CEO Gracy said in a community livestream that the exchange will restore its protection fund to the $300 million baseline within one week after a recent security incident. She described the case as the first security incident in Bitget’s eight-year history and said the attack was traced to a vulnerability in a third-party security product. According to her account, the attacker stole internal network permission credentials and then forged withdrawal instructions to the wallet system, leading the wallet to execute abnormal transfers that bypassed risk checks. Gracy said private keys were not leaked and cold wallets were not affected, with more technical details to be disclosed in a formal security report. She also said the verified losses fall within the coverage of the protection fund, so user funds remain safe. Bitget’s proprietary capital exceeds $1.4 billion, she added, including about $464 million in the user protection fund. Gracy said the exchange will continue to honor the security commitment it made when the fund was established in 2022.

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Cascade

2026-09-12 23:12:03

Crypto brokerage platform Cascade shuts down, directs users to claim remaining funds

Crypto brokerage platform Cascade, formerly known as Perennial, said it has shut down operations and is no longer running. The company said it spent the past five years building what it described as a next-generation brokerage experience: a unified platform for global markets designed around 24/7 access and broad accessibility. Cascade said the closure was not an easy decision and thanked supporters who had backed the platform over the years. Users can now claim remaining funds held in Cascade, described as CLS+trading, through an official designated link after logging in via Privy Home. The platform also warned users to use only that specified link and to verify details against its official verification information before proceeding.

880

MANTRA Chain

2026-08-22 06:45:33

MANTRA Chain resumes block production after Cosmos-EVM bug fix

MANTRA Chain said block production has resumed after a vulnerability in the Cosmos-EVM module was fixed. The network is back online, according to the project’s statement. MANTRA Chain also said user funds were not affected by the incident. A full post-incident analysis report is expected in the coming days, which should provide more detail on what happened and how the issue was addressed. The update was shared through the project’s official X account.

1350

Fireplace

2026-08-10 15:24:13

Fireplace to Close Prediction Market and Trading Terminal by Sept. 30

Fireplace has announced the closure of its prediction market and trading terminal. The website will operate until 23:59 UTC on September 30. Users must close positions, withdraw funds, and export account data before that deadline. The team said groups interested in continuing to build a prediction market and using Fireplace's technology can contact them via direct message. Relevant resources and materials have been consolidated on the official website.

1920

Hyperbridge

2026-07-24 00:40:16

Hyperbridge Losses Rise to $2.5M as Bridge Users’ Funds Were Also Hit

Hyperbridge’s bridge exploit has grown from an initially reported $237,000 incident into a $2.5 million loss, with user funds in incentive pools across Ethereum, Base, BNB Chain, and Arbitrum also affected.

560

Flash.Trade

2026-07-22 03:01:00

Flash.Trade says it will cover $98,000 loss after unauthorized withdrawal

Flash.Trade, a perpetuals protocol in the Solana ecosystem, said it detected an unauthorized withdrawal worth $98,000 and temporarily halted trading, deposits, and withdrawals. The protocol has since restored trading, while deposits and withdrawals are expected to remain paused for about 24 hours as the team completes fund reconciliation. Flash.Trade said user funds remain safe and that the full $98,000 loss will be absorbed by the team, with no impact on users. The team is also waiting for MagicBlock to complete its risk disclosure and release a patch, which it expects within 12 to 24 hours. The update outlines the current operational status, the scope of the loss, and the timeline for restoring normal account functions.

1770

SecondFi

2026-06-28 05:02:21

SecondFi Issues Security Alert: Increased Malicious Activity, Wallet Inspection and Asset Migration Tool Coming Next Week

SecondFi has released a security advisory warning of a surge in malicious activities and impersonation attempts associated with recent events. As a precaution, users are advised to refrain from depositing additional funds into existing SecondFi wallets until further notice. The platform will launch a mechanism early next week to help users check if their wallets have been compromised, followed by a safe process to smoothly migrate assets out. SecondFi emphasizes it will never ask for private keys, seed phrases, or wallet credentials, nor request asset transfers. Users should keep wallets untouched and only seek support through official channels.

2030

SecondFi

2026-06-26 12:10:28

Cardano Wallet SecondFi Completes Balance Snapshot, Asset Return to Begin in Two Weeks

SecondFi, a Cardano wallet service provider, announced on June 26 that it has completed a final balance snapshot of affected accounts, serving as the basis for asset recovery. After verifying balances and assessing recovery mechanisms, the team estimates that asset return will commence in approximately two weeks. Operations will resume only after full security audits are completed. Users need only submit a support ticket for now. This article outlines key milestones, the recovery timeline, and implications for users.

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