Bitget Attack, Sequans’s Bitcoin Strategy and EBA’s MiCA Call

In today’s crypto market, a $352 million cyber‑attack on Bitget dominated headlines. The breach exploited vulnerabilities in the platform’s security, resulting in the theft of a substantial portion of user funds. On the same day, Sequans announced a complete divestiture from its Bitcoin treasury strategy. The company decided to remove crypto assets from its portfolio, prompting a reassessment of its risk‑management approach. The European Banking Authority (EBA) called for the inclusion of crypto‑lending activities within the MiCA (Markets in Crypto‑Assets) framework. This push aims to mitigate risks arising from regulatory gaps. These developments underscore the volatile nature of the crypto market and the dynamic regulatory environment. Investors should pay close attention to security, risk management, and legal frameworks when making investment decisions. This is not investment advice.