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Bitget’s $352 Million Breach Attributed to Faked Transfers, Not Private Keys, Says CEO Gracy Chen
In a startling disclosure that has sent ripples through the cryptocurrency exchange community, Bitget’s chief executive officer, Gracy Chen, confirmed that the platform suffered a massive financial breach amounting to roughly $352 million. Contrary to the common assumption that such large‑scale thefts are typically the result of compromised private keys, Chen clarified that the attackers exploite…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Faked Transfers, Not Private Keys, Says CEO Gracy Chen
In a recent disclosure, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the massive security incident that resulted in a loss of approximately $351.6 million for the cryptocurrency exchange. Contrary to early speculation that the breach might have involved the theft of private keys—an often‑cited vulnerability in digital‑asset platforms—Chen emphasized that the attack…
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Explains That Bitget’s $352 Million Loss Stemmed 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, shed light on the massive security breach that resulted in the loss of approximately $352 million from the exchange’s assets. Contrary to many initial reports that speculated the attackers might have obtained private keys to directly siphon funds, Chen clarified that the hack was executed th…
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 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.
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 the massive security incident that cost the cryptocurrency exchange roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys to directly siphon funds, Chen emphasized that the breach was carried out through a sophi…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Fake Transfers, Not Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social 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 common vector in crypto‑related attacks—Chen emphasized that the perpetrators s…
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 Resulted from Faked Transfers, Not Stolen Private Keys, According to CEO Gracy Chen
In a recent statement, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, clarified the mechanics behind the massive security incident that saw the platform lose roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys to directly siphon funds, Chen emphasized that the breach was carried out through a more subtle and sophi…
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 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 common vector for crypto theft—Chen emphasized that the attackers did not…
Sept. 25, 2026, 4:29 a.m.