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Bitget’s $352 Million Breach Resulted from Counterfeit Transfers, 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 the cryptocurrency exchange Bitget, clarified the mechanics behind the massive security breach that resulted in the loss of roughly $351.6 million. Contrary to early speculation that the attackers might have obtained private keys—an often‑cited vulnerability in digital asset platforms—Chen emph…
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 media platform X, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, clarified the mechanics behind the massive financial loss that the company endured earlier this year. 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 often…
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen explains Bitget's $352 million breach stemmed from forged transfers, not stolen private keys
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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 Counterfeit Transfers, Not Stolen 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 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— the cryptographic secrets that grant full control over digital assets—Chen…
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 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
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
CEO Gracy Chen Reveals Bitget’s $352 Million Breach Was Caused by Spoofed Transfers, Not Private Key Theft
In a recent statement posted on the social media platform X, Bitstore’s chief executive officer, Gracy Chen, disclosed the unsettling details behind one of the most significant cryptocurrency thefts of the year. The incident, which resulted in a staggering loss of approximately $351.6 million, was not the result of a traditional private‑key compromise—a scenario many in the industry initially fea…
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 startling revelation that has sent shockwaves through the cryptocurrency exchange community, Bitget disclosed that a massive financial breach—amounting to roughly $352 million—was not the result of stolen private keys, as many initially presumed, but rather stemmed from a sophisticated scheme involving spoofed transaction data. The company’s chief executive, Gracy Chen, clarified the mechani…
Sept. 25, 2026, 4:29 a.m.