Bitget plans Thai crypto exchange acquisition weeks after $388M hack

Bitget is expanding its footprint in Southeast Asia by pursuing the acquisition of a licensed crypto platform in Thailand. The proposed transaction is designed to grant the exchange direct regulatory compliance and operational access to the fast-growing Thai digital asset market. This corporate maneuver arrives only weeks after the platform faced scrutiny following a substantial $388 million security exploit. By securing localized licenses through acquisition, Bitget aims to reassure users regarding its regulatory standing and long-term expansion goals. Regulatory compliance has become a primary battleground for major exchanges seeking to capture market share in developing Asian jurisdictions. The deal remains subject to local regulatory approvals and standard corporate closing conditions.