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Bitget’s $352 Million Breach Resulted From Faked Transfers, Not Stolen Private Keys, Says CEO Gracy Chen
In a detailed 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 $351.6 million from the exchange’s custodial wallets. Contrary to early speculation that the breach might have involved the theft of private cryptographic keys, Chen emphasized that the attackers ex…
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 disclosure that has sent ripples through the cryptocurrency community, Bitget, one of the world’s leading digital‑asset exchanges, confirmed that a massive security breach resulted in the loss of approximately $351.6 million. Contrary to many initial assumptions that the attackers might have obtained private keys or directly accessed user wallets, Bitget’s chief executive officer, …
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
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 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, 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.
Markets
Bitget’s $352 Million Breach Attributed to Spoofed Transfers Rather Than Private Key Theft, 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 breach that resulted in the loss of roughly $352 million from the cryptocurrency exchange’s reserves. Contrary to the initial speculation that the attackers might have obtained private keys—an often‑cited vulnerability in digital‑asset…
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 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 approximately $351.6 million from the exchange’s custodial wallets. Contrary to the initial speculation that the breach might have involved the theft of private keys—a common vector in many cryptocurren…
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 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 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—a scenario that would imply…
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 startling disclosure that has sent ripples through the cryptocurrency community, Bitget – a prominent digital‑asset exchange – confirmed that it lost roughly $352 million in a sophisticated attack that did not involve the theft of private keys. Instead, the breach hinged on the manipulation of transaction data within the platform’s wallet backend, a tactic that allowed the perpetrators to ma…
Sept. 25, 2026, 4:29 a.m.