A widely circulated claim that Maker lost $1.5 billion has no verified primary source linking that figure to the MakerDAO or Sky Lending protocol; the documented incident of comparable magnitude was a...
Summary
- What the Evidence Actually Shows: Bitget, Not Maker Bitget’s first-party incident explainer, published after the breach, states that unauthorized transfers occurred on September 24, 2026, originating from part of its hot and warm wallet infrastructure.
- The exchange put the final verified amount affected at approximately $388 million, a figure materially different from the $1.5 billion figure in wide circulation.
- For related coverage, see UST Under Regulatory Pressure: What the $5B Action Means .
- Verified incident amount ≈ $388M Bitget’s final verified figure for its own incident; the supplied evidence does not substantiate a $1.5 billion Maker/Sky loss.
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