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Bitget’s $352 Million Breach Attributed to Counterfeit Transfers, Not Private Keys, Says CEO Gracy Chen
In a recent statement posted on the social media platform X, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, clarified the nature of the massive security breach that resulted in the loss of roughly $352 million. Contrary to early speculation that the attackers might have obtained private keys—an often‑cited vulnerability in the crypto world—Chen emphasized that the …
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Fake Transfer Data, Not 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 financial breach that resulted in the loss of roughly $351.6 million from the exchange’s reserves. Contrary to many early theories that suggested the perpetrators had somehow obtained the private keys governing the platform’s cold‑storage wallets, C…
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 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 cryptocurrency exchange’s reserves. Contrary to early speculation that the attackers might have obtained private keys— the cryptographic secrets that grant full control…
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 detailed statement posted on the social media platform X, Bitget’s chief executive officer, Gracy Chen, provided a comprehensive explanation of the massive security incident that resulted in the loss of approximately $351.6 million from the cryptocurrency exchange’s custodial wallets. Contrary to early speculation that the breach might have involved the theft of private keys—an often‑cited v…
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, Gracy Chen, the chief executive officer of the cryptocurrency exchange Bitget, clarified the mechanics behind what has become one of the most significant security incidents in the digital‑asset industry this year. The exchange disclosed that it suffered a financial loss of roughly $351.6 million – a figure that closely aligns with the $352 mi…
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 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
CEO Gracy Chen explains that Bitget’s $352 million breach resulted from falsified transfers rather than stolen private keys
In a recent statement posted on the social media platform X, Bitstore’s chief executive officer, Gracy Chen, provided a detailed account of the massive security incident that struck the cryptocurrency exchange earlier this year. The breach, which resulted in the loss of approximately $351.6 million, was not the product of a traditional private‑key theft, as many observers initially speculated. In…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Counterfeit Transfers, Not Private Key Theft, 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 financial breach that recently shook the cryptocurrency exchange. Contrary to the common assumption that such large‑scale thefts typically involve the illicit acquisition of private keys, Chen emphasized that the perpetrators did not actually obtain…
Sept. 25, 2026, 4:29 a.m.