Bitget plans Thai crypto exchange acquisition weeks after $388M hack
Summary
Bitget plans to acquire Thailand’s licensed GMO-Z.com Cryptonomics through BTGT Management (Thailand), aiming to establish local operations and offer its trading platform to Thai users. GMO Internet disclosed the proposed sale on Sept. 24, with completion targeted for Oct. 31, subject to regulatory approval and other conditions. Financial and ownership terms have not been disclosed. The move follows a Sept. 24 attack affecting about $388 million in Bitget hot and warm wallets; Bitget said customer balances were unaffected and withdrawals were restored by Oct. 2.
