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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
CEO Gracy Chen Explains 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, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind one of the most significant cryptocurrency security incidents of the year. The exchange reported a staggering loss of approximately $351.6 million, a figure that places the breach among the largest ever recorded in the digital asset space. Contrary to early spe…
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 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 the common assumption that the attackers had somehow obtained the private keys that control users’ funds, Chen emphasized that the breach was executed thro…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to 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 loss that the cryptocurrency exchange suffered earlier this year. The company disclosed that the breach resulted in a shortfall of approximately $351.6 million, a figure that has been rounded to $352 million in most media coverage. Contrar…
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
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 Counterfeit 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 saw the cryptocurrency exchange lose roughly $351.6 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—Ch…
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 has sent ripples through the cryptocurrency exchange community, Bitget’s chief executive officer, Gracy Chen, disclosed that the massive $351.6 million loss the platform recently endured was not the result of stolen private keys, as many had initially assumed. Instead, the breach was orchestrated through a sophisticated manipulation of the exchange’s internal wallet…
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 falsified transfers rather than stolen private keys, says CEO Gracy Chen
In a recent disclosure that has sent ripples through the cryptocurrency community, Bitget – a prominent digital‑asset exchange – confirmed that it fell victim to a massive security breach resulting in a loss of roughly $351.6 million. The loss, which equates to about $352 million, was not the product of a classic private‑key theft, as many might initially assume. Instead, the company’s chief exec…
Sept. 25, 2026, 4:29 a.m.