Crypto’s Security Crisis Has Two Fronts: Fresh Exploits Drain $11M as Bitget Funds Hit Permissionless Cross-Chain Rails
Crypto’s latest security wave is exposing two separate weaknesses at once: protocols are still being breached through bridges, wallet infrastructure and validation logic, while recovery becomes increasingly difficult once stolen assets enter permissionless cross-chain systems. Payy Network, Duelbits and Meter suffered more than $11 million in combined losses on September 24, the same day Bitget disclosed a much larger breach later revised to approximately $387.5 million. As Bitget-linked funds moved through THORChain, the protocol rejected calls to block identified attacker addresses, reigniting debate over whether decentralized infrastructure should remain neutral even when handling publicly tracked stolen assets.
By Katharos Intelligence Editorial Team
Source: Katharos Intelligence
· 8 min
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