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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, 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 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 Attributed to Faked 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 breach that resulted in the loss of approximately $352 million from the exchange’s holdings. Contrary to early speculation that the attackers might have obtained private cryptographic keys—an event that would suggest a direct compromise of …
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Clarifies Bitget's $352 Million Breach Was Due to Spoofed Transfers, Not Private Key Theft
In a recent statement posted on the social media platform X, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, provided a detailed explanation of the massive security incident that resulted in the loss of approximately $352 million. Contrary to early speculation that suggested the attackers may have obtained private keys to directly siphon funds, Chen clarified that t…
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
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 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 total loss of approximately $351.6 million, a figure that has drawn considerable attention from both the crypto community and financial regulators. Contrary to the init…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Spoofed Transfers, Not Private Key Theft, According to 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 trading platforms, disclosed that a massive theft amounting to roughly $351.6 million was carried out not through the classic theft of private keys, but via a more subtle and technically intricate method: the spoofing of transaction d…
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.