Skip to content
crypto.news

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

By Olivia Stephanie

Bitget plans to acquire a licensed Thai crypto exchange through BTGT Management, with the deal targeting October 31 after a $388 million security breach.

Read Original Article

Explained in this story

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 Cryptocurrency
Acquisition

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.

More about Acquisition

From the blog