Bitget CEO Says $351.6M Hack Used Spoofed Transfers, Not Private Keys
Bitget CEO Gracy Chen said attackers compromised a wallet backend and falsified transaction data in a hack that cost the exchange $351.6 million.
Bitget suffered a $351.6 million loss in a hack, according to CEO Gracy Chen, who described the incident in a post on X.
Chen said the attackers gained access to a wallet backend and manipulated transaction data to spoof transfers.
Her account attributed the theft to the compromised backend rather than a breach of private keys, CoinDesk reported.
Source: CoinDesk
