Bitget disclosed its hack on Sept. 25 and put the final affected value at approximately $387.5 million, revised from an initial estimate of about $351.6 million after additional Zcash and Tron transfers were identified. A wallet on Bitget’s attacker list completed a 9,999 XRP-to-bitcoin swap through THORChain at 3:14 a.m. ET on Sept. 27, after CEO Gracy Chen asked the protocol to block identified addresses. THORChain declined, citing decentralization and permissionless operation, while OKX founder and CEO Star Xu argued that its threshold-signature validators collectively control assets in protocol vaults. The dispute has renewed scrutiny of THORChain’s handling of stolen funds, including approximately $1.2 billion linked to the Bybit hack in February 2025. Bitget says it has fixed the vulnerability, its Protection Fund covers the financial impact and withdrawals are being restored in phases.