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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 Attributed to Faked Transfers, Not 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 resulted in the loss of roughly $352 million from the exchange’s holdings. Contrary to earlier speculation that the breach might have involved the theft of private cryptographic keys—a scenario that would imply a direct compro…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Spoofed Transfers, Not Private Key Theft, Says CEO Gracy Chen
In a startling disclosure that has sent ripples through the cryptocurrency community, Bitget, one of the world’s prominent digital asset trading platforms, confirmed that it lost approximately $351.6 million in a sophisticated cyber‑attack. The breach, which took place earlier this year, was not the result of stolen private keys—as many initially feared—but rather the outcome of a meticulously cr…
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 startling revelation that underscores the evolving sophistication of cryptocurrency attacks, Bitget—one of the world’s leading digital asset exchanges—has confirmed that a massive theft of approximately $351.6 million was carried out not by stealing private keys, but by exploiting a vulnerability in its wallet infrastructure to spoof transaction data. The disclosure came directly from Bitget…
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Explains That Bitget’s $352 Million Breach Resulted From Spoofed Transfers, Not Stolen Private Keys
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—a breach that resulted in the loss of roughly $352 million from the exchange’s custodial wallets. Contrary to the initial speculation that the attackers might have obtained private keys and directly …
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Spoofed Transfers, Not Private Key Theft, According to CEO Gracy Chen
In a startling revelation that underscores the evolving nature of cyber threats facing cryptocurrency exchanges, Bitget’s chief executive officer, Gracy Chen, disclosed that the platform’s recent $351.6 million loss was not the result of stolen private keys but rather the consequence of a sophisticated spoofing attack on its wallet infrastructure. The incident, which took place over a series of c…
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 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 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 Attributed to Spoofed Transfers Rather Than Private Key Theft, Says CEO Gracy Chen
In a startling revelation that underscores the evolving sophistication of cyber‑crime in the cryptocurrency sector, Bitget’s chief executive officer, Gracy Chen, disclosed that the exchange’s recent $351.6 million loss was not the result of stolen private keys but rather the outcome of a meticulously engineered spoofing attack on its wallet infrastructure. The incident, which has sent ripples thr…
Sept. 25, 2026, 4:29 a.m.