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Bitget’s $352 Million Breach Resulted from Fake Transfers, Not Stolen Private Keys, Says CEO Gracy Chen
In a detailed statement posted on the social 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 exchange’s custodial wallets. Contrary to early speculation that the hackers might have obtained private keys or directly accessed the underlying blockchain accounts, Chen emphas…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget’s $352 Million Hack Resulted from Spoofed Transfers, Not Private Keys, Says CEO Gracy Chen
In a startling disclosure that has sent ripples through the cryptocurrency community, Bitget’s chief executive officer, Gracy Chen, clarified the mechanics behind the exchange’s recent catastrophic loss of roughly $352 million. 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 th…
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 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 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 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 financial loss that the cryptocurrency exchange recently endured. According to Chen, the perpetrators did not gain access to any private keys associated with the exchange’s wallets. Instead, the attackers exploited a vulnerability in the wallet’s ba…
Sept. 25, 2026, 4:29 a.m.
Markets
Bitget Cryptocurrency Exchange Reports $352 Million Loss from Hack, Asserts User Funds Remain Secure
Bitget, a prominent cryptocurrency exchange platform, has publicly disclosed that it suffered a significant security breach resulting in the loss of approximately $352 million in digital assets. The announcement was made by the company’s chief executive officer, Gracy Chen, who emphasized that despite the sizable theft, the exchange maintains that the assets belonging to its users remain protecte…
Sept. 24, 2026, 9:59 p.m.
Markets
Bitget cryptocurrency exchange reports $352 million loss in breach, assures users their assets remain protected
Bitget, a prominent cryptocurrency trading platform, has publicly acknowledged that it suffered a substantial security breach resulting in the loss of approximately $352 million worth of digital assets. The company's chief executive officer, Gracy Chen, made the announcement in a press briefing that followed a series of alerts raised by independent security researchers who had observed suspicious…
Sept. 24, 2026, 9:59 p.m.
Markets
Bitget Crypto Exchange Reports $352 Million Loss in Security Breach, Asserts Customer Funds Remain Protected
Bitget, a prominent cryptocurrency exchange that serves millions of traders worldwide, has publicly confirmed that it suffered a major security incident resulting in the loss of approximately $352 million worth of digital assets. The exchange’s chief executive officer, Gracy Chen, announced the breach in a statement released shortly after independent security researchers reported suspicious movem…
Sept. 24, 2026, 9:59 p.m.
Markets
Bitget Cryptocurrency Platform Reports $352 Million Loss from Cyberattack, Assures Users Their Funds Remain Secure
Bitget, a well‑known cryptocurrency exchange, recently confirmed that it fell victim to a large‑scale security breach that resulted in the loss of approximately $352 million in digital assets. The company’s chief executive officer, Gracy Chen, made the public announcement shortly after independent security researchers observed suspicious patterns of wallet movements that suggested a coordinated h…
Sept. 24, 2026, 9:59 p.m.
Markets
Crypto exchange Bitget reports $352 million loss in hack, assures users their funds remain protected
Bitget, a rapidly growing cryptocurrency exchange that has positioned itself as a major player in the digital asset trading arena, recently disclosed a significant security breach that resulted in the loss of approximately $352 million worth of assets. The announcement was made by the company’s chief executive officer, Gracy Chen, who confirmed that the hack had taken place and detailed the steps…
Sept. 24, 2026, 9:59 p.m.