Crypto exchange Bitget lost $387 million to $388 million on September 24, 2026 after attackers compromised third-party security software and obtained high-privilege credentials to inject forged withdrawal instructions.

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Acquiring a licensed local entity provides Bitget a regulated operational foundation in Thailand rather than building a new platform from scratch or operating an unlicensed foreign service

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Bitget CEO Gracy Chen stated on October 20, 2026 that building a market presence requires local expertise, regulatory understanding, and long-term commitment

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Bitget announced a proposed transaction to acquire Bangkok-based digital asset exchange and brokerage GMO-Z.com Cryptonomics (Thailand) Co., Ltd. through its interest in BTGT Management (Thailand) Ltd.

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Under the proposed acquisition of GMO-Z.com Cryptonomics, parent company GMO Internet, Inc. and GMO-Z.com Holdings (Thailand) Co., Ltd. will transfer their entire shareholding in GMO-Z.com Cryptonomics to BTGT Management (Thailand) Ltd.

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Exchanges Binance Kazakhstan and Bybit Kazakhstan operate as authorized digital asset service providers within the Astana International Financial Centre regulatory framework

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GMO-Z.com Cryptonomics operates Z.com EX, which launched in February 2021 and is registered on Thailand's Securities and Exchange Commission list of licensed digital asset exchange operators

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Completion of Bitget's proposed acquisition of GMO-Z.com Cryptonomics and Bitget's subsequent platform launch in Thailand are subject to obtaining regulatory approval for the change of control from Thai authorities

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Bitget is evaluating local operating capabilities across Southeast Asia to participate long-term in markets with developing digital asset frameworks

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The public comment period for the SEC's proposed Regulation Crypto Assets framework, published in August 2026, closes on October 20, 2026.

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The Hyperliquid Policy Center cautioned the SEC against automatically treating network validators and ordinary users as a single controlling party solely because they share similar economic incentives.

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The Hyperliquid Policy Center asked the SEC to distinguish automated token repurchases governed by predefined blockchain code from discretionary buybacks managed by centralized project operators or corporate entities.

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The SEC's proposed Regulation Crypto Assets framework permits eligible crypto projects to raise up to $5 million over four years under a startup exemption or up to $75 million annually under a fundraising exemption.

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The Hyperliquid Policy Center urged the SEC to clarify whether unregistered trading services, decentralized exchanges, and on-chain protocols can legally facilitate secondary market transactions for tokens issued under proposed exemptions.

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The Hyperliquid Policy Center cited the SEC's own economic analysis, arguing that limited secondary-market liquidity could significantly reduce the intended practical benefits of the proposed fundraising exemptions.

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The Hyperliquid Policy Center urged the SEC to make federal preemption of state securities registration requirements permanent after a project exits or meets the proposed Safe Harbor conditions.

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The Hyperliquid Policy Center recommended that routine administrative delivery steps, such as connecting a wallet or completing sanctions and KYC screening, should not be legally interpreted as payment for airdropped tokens.

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The Hyperliquid Policy Center filed a comment letter on October 19, 2026, requesting five key revisions to the U.S. Securities and Exchange Commission's proposed Regulation Crypto Assets framework.

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The Hyperliquid Policy Center requested that Safe Harbor legal protections be extended to crypto projects while essential network development work is still actively underway.

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In March 2026, the SEC and CFTC issued a joint guidance interpretation addressing how federal securities laws apply to cryptocurrency activities, including airdrops and staking.

Cc9f267dcClaim

Acquiring a licensed local entity provides Bitget a regulated operational foundation in Thailand rather than building a new platform from scratch or operating an unlicensed foreign service

Bitget CEO Gracy Chen stated on October 20, 2026 that building a market presence requires local expertise, regulatory understanding, and long-term commitment

Bitget announced a proposed transaction to acquire Bangkok-based digital asset exchange and brokerage GMO-Z.com Cryptonomics (Thailand) Co., Ltd. through its interest in BTGT Management (Thailand) Ltd.

Under the proposed acquisition of GMO-Z.com Cryptonomics, parent company GMO Internet, Inc. and GMO-Z.com Holdings (Thailand) Co., Ltd. will transfer their entire shareholding in GMO-Z.com Cryptonomics to BTGT Management (Thailand) Ltd.

Exchanges Binance Kazakhstan and Bybit Kazakhstan operate as authorized digital asset service providers within the Astana International Financial Centre regulatory framework

GMO-Z.com Cryptonomics operates Z.com EX, which launched in February 2021 and is registered on Thailand's Securities and Exchange Commission list of licensed digital asset exchange operators

Completion of Bitget's proposed acquisition of GMO-Z.com Cryptonomics and Bitget's subsequent platform launch in Thailand are subject to obtaining regulatory approval for the change of control from Thai authorities

Bitget is evaluating local operating capabilities across Southeast Asia to participate long-term in markets with developing digital asset frameworks

The public comment period for the SEC's proposed Regulation Crypto Assets framework, published in August 2026, closes on October 20, 2026.

The Hyperliquid Policy Center cautioned the SEC against automatically treating network validators and ordinary users as a single controlling party solely because they share similar economic incentives.

The Hyperliquid Policy Center asked the SEC to distinguish automated token repurchases governed by predefined blockchain code from discretionary buybacks managed by centralized project operators or corporate entities.

The SEC's proposed Regulation Crypto Assets framework permits eligible crypto projects to raise up to $5 million over four years under a startup exemption or up to $75 million annually under a fundraising exemption.

The Hyperliquid Policy Center urged the SEC to clarify whether unregistered trading services, decentralized exchanges, and on-chain protocols can legally facilitate secondary market transactions for tokens issued under proposed exemptions.

The Hyperliquid Policy Center cited the SEC's own economic analysis, arguing that limited secondary-market liquidity could significantly reduce the intended practical benefits of the proposed fundraising exemptions.

The Hyperliquid Policy Center urged the SEC to make federal preemption of state securities registration requirements permanent after a project exits or meets the proposed Safe Harbor conditions.

The Hyperliquid Policy Center recommended that routine administrative delivery steps, such as connecting a wallet or completing sanctions and KYC screening, should not be legally interpreted as payment for airdropped tokens.

The Hyperliquid Policy Center filed a comment letter on October 19, 2026, requesting five key revisions to the U.S. Securities and Exchange Commission's proposed Regulation Crypto Assets framework.

The Hyperliquid Policy Center requested that Safe Harbor legal protections be extended to crypto projects while essential network development work is still actively underway.

In March 2026, the SEC and CFTC issued a joint guidance interpretation addressing how federal securities laws apply to cryptocurrency activities, including airdrops and staking.

Hyperliquid Policy Center representatives previously met with the SEC Crypto Task Force on July 14, 2026, to discuss cryptocurrency regulation.