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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 financial breach that resulted in the loss of roughly $351.6 million from the cryptocurrency exchange’s reserves. Contrary to the initial speculation that the perpetrators might have obtained private keys and directly siphoned funds, Chen emphasized…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Resulted from Counterfeit Transfers, Not Stolen 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 mechanics behind the massive security breach that resulted in the loss of roughly $351.6 million. Contrary to early speculation that the attackers might have obtained private keys—an often‑cited vulnerability in digital asset platforms—Chen emph…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Spoofed Transfers, Not Private Keys, 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 security breach that resulted in the loss of roughly $352 million from the cryptocurrency exchange’s assets. Contrary to early speculation that the hack might have involved the theft of private keys—an often‑cited vulnerability in the crypto world—C…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 million breach resulted from falsified transfers rather than stolen private keys, says CEO Gracy Chen
In a startling revelation that has sent ripples through the cryptocurrency exchange community, Bitget disclosed that a massive financial breach—amounting to roughly $352 million—was not the result of a traditional private‑key theft. Instead, the perpetrators exploited a vulnerability in the platform’s internal wallet system, fabricating transaction records to siphon funds. The details were outlin…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 million breach resulted from falsified transfers, not stolen private keys, says CEO Gracy Chen
In a startling revelation that underscores the evolving sophistication of cyber‑attacks on cryptocurrency platforms, Bitget – a prominent digital asset exchange – disclosed that it suffered a massive financial breach amounting to roughly $352 million. Contrary to the common assumption that such losses are typically the result of stolen private keys, Bitget’s chief executive officer, Gracy Chen, c…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Breach Attributed to Counterfeit 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 security incident that resulted in the loss of roughly $352 million from the cryptocurrency exchange’s reserves. Contrary to early speculation that the breach might have involved the theft of private cryptographic keys—a scenario that would imply a …
Sept. 25, 2026, 4:29 a.m.
Markets
CEO Gracy Chen Reveals Bitget’s $352 Million Breach Was Due to Spoofed Transfers, Not Stolen Private Keys
In a recent statement that has drawn significant attention from the cryptocurrency community, Gracy Chen, the chief executive officer of Bitget, disclosed the details surrounding a massive security breach that resulted in the loss of approximately $351.6 million. Contrary to the common narrative that such large‑scale thefts are typically the result of compromised private keys, Chen clarified that…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 million breach resulted from forged transfers rather than 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 what has become one of the most sizable cryptocurrency thefts of the year. The exchange disclosed that the perpetrators did not gain access to any private keys associated with user wallets. Instead, the attackers exploited a vulnerability in the internal wallet…
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 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.