Bitget's $352 million hack happened via spoofed transfers, not private keys, CEO Gracy Chen says
60-second summary
Bitget confirms attackers stole $351.6 million by compromising its wallet backend and spoofing transaction data rather than extracting private keys, CEO Gracy Chen announced on X. The breach exploited forged transfer records to move funds illicitly, exposing systemic vulnerabilities in exchange infrastructure. This incident heightens scrutiny of custodial security and may pressure market participants to adopt stricter safeguards.
Bitget lost $351.6 million after attackers compromised a wallet backend, spoofed transaction data, Chen said on X.