Bitget has suspended withdrawals after unauthorized transfers drained about $351. 6 million from a limited number of its hot and warm wallets. The crypto exchange detected the transfers at 18:31 UTC on Sept.
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The central bank opened two proposals for comment under the GENIUS Act, requiring issuers it supervises to back tokens fully with safe assets and creating an application process for banks seeking to issue stablecoins.
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected.
Although the CFTC chair did not say the failed vote on the CLARITY Act was behind new rules for authorized crypto entities, he said the move was “to provide regulatory clarity.