Bitget hot-wallet breach and phased withdrawal reopening
Key Questions
What are Kraken's new structured products from STS Digital?
Kraken is the first platform to offer STS Digital's structured crypto products, including options for yield generation and risk-managed strategies.
How do these products complement other platforms?
They enhance derivatives platforms like Hyperliquid, IBKR, and NYSE by supporting quant bots and perpetuals trading.
What is the focus of STS Digital's crypto options?
STS Digital provides structured products tailored for crypto yield and risk management, now accessible via Kraken.
Bitget reportedly suffered a $351.6M hot-wallet breach and began phased withdrawals on September 28 while trading continued. Bot operators should treat withdrawal availability, API reliability, liquidity, spreads, liquidation behavior, and exchange concentration as live risk variables before redeploying capital.
Sources (2)
Updated Sep 29, 2026