Bitget’s $352 Million Breach Attributed to Spoofed Transfers Rather Than Private Key Theft, Says CEO Gracy Chen
In a startling revelation that underscores the evolving sophistication of cyber‑crime tactics, Bitget—a prominent cryptocurrency exchange—has disclosed that a massive financial breach, amounting to roughly $352 million, was the result of a spoofing attack on transaction data rather than the more commonly reported theft of private keys. The exchange’s chief executive officer, Gracy Chen, took to t…
Sept. 25, 2026, 4:29 a.m.