BITGET $350M HACK: POST MORTEM Between 18:31 and 21:23 UTC yesterday, Bitget was drained for $350M across 7 chains, with 5 wallets compromised. Arkham has labelled 26 hacker addresses so far. Here’s what happened after the attack:

The BNB is still on the move. $6.9M of it has been split into 12 unlabelled BNB Chain wallets, the last transfer only 2 hours ago. At least $4.7M has been deposited to Thorchain, while $2M has been deposited to Fixedfloat.

GARRETT JIN'S $150M ACCOUNT IS EMPTY Garrett Jin deposited a total of $146.98M to Binance, with his Hyperliquid account left with only $92.1K. A few hours later, $200M moved out of Binance and into a wallet cluster, that lost $50M in March by trying to buy AAVE from the mobile app interface.

He turned $30K into $2.3 million on ZCAT. Trader 3Tmif put $30.2K into ZCAT the day after it launched, at a $242K market cap, and has never sold. His stack was worth $5.31M at the ZCAT high, and $2.35M today. That is still a 78x.

He is long $41 million of crypto. Trader 0xe77 is long $27.71M of BTC at 40x on Hyperliquid, entry $85,270, alongside $7.39M of HYPE and $6.07M of ZEC. He was up about $860K on the BTC long earlier this week and is down $665K now.

Morgan Stanley is the only ETF buying Bitcoin. MSBT bought $32.4M of BTC yesterday, the only Bitcoin ETF with inflows on the day. That makes 3 straight days of buying, worth $193.1M. Morgan Stanley has not had a single outflow day in the past 20.

HE ROUNDTRIPPED $2.4M ON A $105M BTC LONG Trader 0x344 spent two days building a $105.39M BTC long on Hyperliquid at 20x. It was up $2.44M yesterday with BTC at $87.2K. BTC fell back as US Treasuries hit 5%, and he closed the entire position for +$176.6K.