Bitget eyes Thai crypto exchange takeover weeks after $388M hack

Bitget plans to acquire a licensed Thai crypto exchange through BTGT Management, with the deal targeting October 31 after a $388 million security breach.
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyAcquisition
The purchase of one company by another, giving the buyer control of the target's business.
Acquisitions can speed growth for the buyer but raise competition and job concerns.
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