Bitget attacker tested risk controls with small transfers before $388 million theft, CEO says
60-second summary
Bitget’s attacker performed two tiny test transfers thirty minutes before siphoning $388 million, CEO Gracy Chen confirms, showing the hacker probed risk controls before the massive breach. The incident highlights vulnerabilities in exchange safeguards and prompts regulators and traders to demand stricter monitoring, potentially tightening compliance standards and influencing market confidence in centralized platforms.
Bitget's attacker ran two small test transfers half an hour before draining $388 million, CEO Gracy Chen says.