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Bitget’s $352 Million Breach Resulted from Faked 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 roughly $352 million from the cryptocurrency exchange. Contrary to early speculation that the attackers might have obtained private keys—an often‑cited vector for large‑scale crypto theft—Chen emphasized …
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 has sent ripples through the cryptocurrency community, Bitget, one of the world’s leading digital asset exchanges, disclosed that a massive security breach resulted in the loss of roughly $351.6 million. Contrary to the common narrative that such large‑scale thefts are typically the product of stolen private keys, Bitget’s chief executive officer, Gracy Chen, clarif…
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Explains 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, 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 staggering loss of approximately $351.6 million, a figure that places the breach among the largest ever recorded in the digital asset space. Contrary to early spe…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Fake 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 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 keys—a common vector in many high‑profile crypto heists…
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.
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 Fake Transfers, Not Stolen Private Keys, Says CEO Gracy Chen
In a startling disclosure that has sent ripples through the cryptocurrency community, Bitget – one of the world’s leading digital‑asset exchanges – confirmed that it suffered a massive financial blow amounting to roughly $352 million. The loss did not stem from the theft of private keys, as many initially feared, but rather from a sophisticated scheme that involved spoofed or falsified transactio…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Spoofed Transfers, Not Private Key Theft, Says CEO Gracy Chen
In a recent statement that has drawn considerable attention across the cryptocurrency community, Gracy Chen, the chief executive officer of Bitget, clarified the mechanics behind the massive security breach that cost the exchange roughly $352 million. Contrary to early speculation that the incident might have involved the theft of private keys—a scenario that would imply a direct compromise of us…
Sept. 25, 2026, 4:29 a.m.
Markets
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
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.