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Bitget’s $352 Million Breach Attributed to 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 breach that resulted in the loss of roughly $352 million from the exchange’s custodial wallets. Contrary to early speculation that the attackers might have obtained private keys to directly siphon funds, Chen emphasized that the perpetrators ex…
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 reserves. Contrary to the initial speculation that the breach might have involved the theft of private cryptographic keys—an often‑cited vulnerability in…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Counterfeit 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 incident that resulted in the loss of approximately $352 million from the exchange’s holdings. Contrary to early speculation that the breach might have involved the theft of private cryptographic keys—a scenario that would suggest a direct …
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 million breach resulted from falsified transfers, not stolen private keys, says CEO Gracy Chen
In a startling revelation that underscores the evolving sophistication of cyber‑attacks on cryptocurrency platforms, Bitget – a prominent digital asset exchange – disclosed that it suffered a massive financial breach amounting to roughly $352 million. Contrary to the common assumption that such losses are typically the result of stolen private keys, Bitget’s chief executive officer, Gracy Chen, c…
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 startling revelation that has sent ripples through the cryptocurrency community, Bitget, one of the world’s prominent digital asset exchange platforms, disclosed that a massive financial loss of approximately $352 million was not the result of stolen private keys as initially feared, but rather stemmed from a sophisticated scheme involving spoofed transaction data. The company’s chief execut…
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 Resulted from Spoofed Transfers, Not 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 early speculation that the breach might have involved the theft of private keys—a scenario that would imply a direct compromise of the cryptographic secret…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Spoofed Transfers, Not Private Keys, Says CEO Gracy Chen
In a startling revelation that underscores the evolving sophistication of cyber‑crime in the cryptocurrency sector, Bitget—one of the world’s leading digital‑asset exchanges—has disclosed that a massive theft of approximately $351.6 million was carried out not by stealing private keys, as many initially feared, but by exploiting a vulnerability in its wallet‑backend system to spoof transaction da…
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 startling disclosure that has sent ripples through the cryptocurrency exchange community, Bitget’s chief executive officer, Gracy Chen, revealed that the massive $351.6 million loss the platform experienced was not the result of stolen private keys, as many had initially presumed. Instead, the breach stemmed from a sophisticated manipulation of the exchange’s internal wallet infrastructure, …
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 startling revelation that underscores the evolving nature of cyber threats in the cryptocurrency sector, Bitget, a prominent digital‑asset exchange, disclosed that a massive theft of approximately $352 million was carried out not through the theft of private keys, as is commonly assumed, but via a sophisticated scheme involving spoofed transaction data. The details of the incident were outli…
Sept. 25, 2026, 4:29 a.m.