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Bitget’s $352 million breach resulted from falsified transfers rather than 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, provided a detailed account of the massive security breach that resulted in the loss of approximately $351.6 million from the exchange’s custodial wallets. Contrary to the common narrative that such large‑scale crypto thefts are typically the result of private‑key compromises, Chen clarified…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Spoofed Transfers, Not Private Keys, According to 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 resulted in the loss of roughly $352 million from the cryptocurrency exchange’s holdings. Contrary to early speculation that the breach might have involved the theft of private cryptographic keys—a common vector in many h…
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 breach that cost the cryptocurrency exchange roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys—an often‑cited vulnerability in digital‑asset platforms—Chen emphasized that the culprits a…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Spoofed Transfers, Not Private Keys, According to 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 breach that resulted in the loss of roughly $352 million from the cryptocurrency exchange’s assets. Contrary to early speculation that the hack might have involved the theft of private keys—an often‑cited vulnerability in the crypto world—C…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 million breach resulted from falsified transfers rather than stolen private keys, says CEO Gracy Chen
In a startling revelation that has sent ripples through the cryptocurrency exchange community, Bitget disclosed that a massive financial breach—amounting to roughly $352 million—was not the result of a traditional private‑key theft. Instead, the perpetrators exploited a vulnerability in the platform’s internal wallet system, fabricating transaction records to siphon funds. The details were outlin…
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 recent disclosure that has sent ripples through the cryptocurrency community, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the platform’s staggering $351.6 million loss. Contrary to early speculation that the breach might have involved the theft of private keys—a scenario that would imply a direct compromise of user wallets—the CEO emphasized that the attacker…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Counterfeit Transfers, Not Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, clarified the nature of the massive security breach that resulted in the loss of roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys—an often‑cited vulnerability in the crypto world—Chen emphasized that the …
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Clarifies Bitget's $352 Million Breach Was Due to Spoofed Transfers, Not Private Key Theft
In a detailed statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, provided a comprehensive explanation of the massive security incident that resulted in the loss of approximately $351.6 million from the cryptocurrency exchange’s custodial wallets. Contrary to early speculation that the breach might have involved the theft of private keys—an often‑cited v…
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 financial breach that resulted in the loss of roughly $352 million from the exchange’s holdings. Contrary to early speculation that the attackers might have obtained private cryptographic keys—a scenario that would imply a direct theft of the underl…
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Clarifies That Bitget’s $352 Million Breach Resulted from Spoofed Transfers, Not Private Key Theft
In a recent statement posted on the social media platform X, Gracy Chen, the chief executive officer of Bitget, shed light on the mechanics behind the massive security incident that led to the loss of roughly $352 million from the cryptocurrency exchange’s reserves. Contrary to early speculation that the breach might have involved the direct theft of private keys—an often‑cited vulnerability in t…
Sept. 25, 2026, 4:29 a.m.