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Bitget’s $352 Million Breach Attributed to 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 financial loss that the cryptocurrency exchange recently endured. The incident, which resulted in a shortfall of approximately $351.6 million, was not the result of a traditional private‑key compromise—a scenario that many in the industry initially …
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.
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
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.
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
Bitget’s $352 Million Breach Attributed to Spoofed Transfers Rather Than Private Key Theft, According to 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 resulted in the loss of roughly $352 million from the exchange’s custodial wallets. Contrary to early speculation that the breach might have involved the theft of private cryptographic keys—a scenario that would imply a direct compr…
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 Counterfeit Transfers, Not Private Keys, According to 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 breach that cost the company roughly $352 million. Contrary to early speculation that the incident might have involved the theft of private cryptographic keys, Chen emphasized that the attackers exploited a vulner…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Counterfeit Transfers, Not Private Key Theft, 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 financial breach that recently shook the cryptocurrency exchange. Contrary to the common assumption that such large‑scale thefts typically involve the illicit acquisition of private keys, Chen emphasized that the perpetrators did not actually obtain…
Sept. 25, 2026, 4:29 a.m.