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Bitget’s $352 Million Breach Resulted from Fake Transfers, Not Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social platform X, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the massive security incident that saw the cryptocurrency exchange lose roughly $352 million. Contrary to early speculation that the breach might have involved the theft of private keys—a common vector in crypto‑related attacks—Chen emphasized that the perpetrators s…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Faked Transfers, Not Private Key Theft, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the massive security incident that saw the cryptocurrency exchange suffer a staggering loss of approximately $351.6 million. Contrary to early speculation that the breach might have involved the theft of private keys—a common vector in many high‑profile crypto …
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Fake Transfer Data, Not Stolen Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Gracy Chen, the chief executive officer of Bitget, clarified the mechanics behind the massive security incident that cost the cryptocurrency exchange roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys— the cryptographic secrets that grant direct access to digital assets— the breach wa…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Counterfeit Transfers, Not Private Key Theft, Says CEO Gracy Chen
In a recent statement posted on the social platform X, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, clarified the mechanics behind the massive security incident that led to the loss of roughly $352 million in digital assets. Contrary to early speculation that the attackers might have obtained private keys to directly siphon funds from user wallets, Chen emphasize…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Faked Transfers, Not Stolen Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind one of the most significant cryptocurrency thefts of the year. The exchange reported a staggering loss of approximately $351.6 million, a figure that places the incident among the largest hacks ever recorded in the digital‑asset sector. Contrary to many initial…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Spoofed Transfers Rather Than Private Key Theft, Says CEO Gracy Chen
In a startling revelation that has sent ripples through the cryptocurrency community, Bitget’s chief executive officer, Gracy Chen, disclosed that the massive $351.6 million loss the exchange suffered was not the result of stolen private keys, as many initially presumed, but rather the consequence of a sophisticated spoofing attack on the platform’s wallet infrastructure. The breach, which took p…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Counterfeit Transfers, Not Private‑Key Theft, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, disclosed that the cryptocurrency exchange suffered a massive security breach that resulted in the loss of approximately $351.6 million. Contrary to early speculation that the attackers might have stolen private keys—a scenario that would imply a direct compromise of cryptographic credential…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Faked Transfers, Not Stolen Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the massive security incident that cost the cryptocurrency exchange roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys to directly siphon funds, Chen emphasized that the breach was carried out through a sophi…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Spoofed Transfers, Not Private-Key Theft, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the massive security incident that cost the cryptocurrency exchange roughly $352 million. Contrary to early speculation that the breach might have involved the theft of private keys—a common vulnerability in the crypto‑trading world—Chen emphasized that the att…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Faked Transfers, Not Private Key Theft, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the massive security incident that saw the exchange lose roughly $351.6 million. Contrary to early speculation that the attackers might have obtained private keys to directly siphon funds, Chen emphasized that the breach was carried out through a sophisticated …
Sept. 25, 2026, 4:29 a.m.