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TRX Bitget CEO details $388M breach, third-party vulnerability, recovery doubts
Bitget CEO Gracy Chen said an attacker tested risk controls with small transfers before draining $388 million, exploiting a third-party security vulnerability. Chen said she is 'not very optimistic' about recovering funds, with only a small percentage frozen or recovered.
Why “Unverified”
- 2 independent sources (Cointelegraph, The Block), but no primary confirmation
2 independent source groups across 3 posts · evidence score 79/100. How labels work
What the sources claim
-
Bitget's attacker ran two small test transfers half an hour before draining $388 million, according to CEO Gracy Chen.
“Bitget's attacker ran two small test transfers half an hour before draining $388 million, CEO Gracy Chen says.”
The Block -
Bitget CEO said the $388M hack exploited a third-party security vulnerability.
“Bitget CEO says $388M hack exploited third-party security vulnerability”
Cointelegraph -
Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered.
“Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered”
Cointelegraph -
Bitget CEO Gracy Chen said she is 'not very optimistic' on recovering funds from the $388M breach.
“Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach”
Cointelegraph -
Gracy Chen said she saw the 2025 Bybit hack as a 'good reference point' for Bitget's security breach, noting only a small percentage of funds had been frozen or recovered.
“Gracy Chen said she saw the 2025 Bybit hack as a “good reference point” for Bitget’s security breach, noting that only a small percentage of funds had been frozen or recovered.”
Cointelegraph
Sources
Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-09-29 17:56 UTC. Labels are computed from the sources, not by the model.