Bearish
Bitget $352M Hack Caused by Spoofed Transfers, Not Private Keys, CEO Gray Chen Confirms
25.09.2026 08:18
Bitget CEO Gray Chen has revealed that the $352 million hack was executed through spoofed transfers rather than compromised private keys. The exchange confirmed that user funds remain secure and that the attack exploited a vulnerability in the transfer verification process. Bitget has since patched the exploit and is cooperating with authorities to trace the stolen assets. The incident highlights growing security risks in the crypto exchange sector, though Bitget's swift response has helped maintain user confidence.
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