Bitget eyes Thai crypto exchange takeover weeks after $388M hack
Photo: crypto.news
Bitget has announced plans to acquire a licensed cryptocurrency exchange in Thailand, seeking to establish local operations less than a month after a security breach affected approximately $388 million in assets. Bitget plans to acquire GMO-Z.com Cryptonomics, a licensed Thai cryptocurrency exchange operator, through BTGT Management. GMO Internet has scheduled the proposed share transfer for October 31, subject to regulatory approval and other conditions. GMO Internet and its Thai subsidiary plan to sell their combined 99.94% stake in the exchange operator. GMO-Z.com Cryptonomics reported a 74.16 million baht operating loss in 2025, according to the seller's financial disclosure.
Also reported by Crypto Breaking News, DeFi Planet.
Source: crypto.news
