#Gracy Chen
17 articles tagged with this topic
Bitget plans Thai crypto exchange acquisition weeks after $388M hack
The proposed acquisition would give Bitget a route into Thailand’s crypto market through a locally licensed operator.…
Bitget ‘gradually back to usual’ as protection fund reaches $309M
Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 “absorbed the financial impact of the incident“ that result…
Customers Withdraw $463 Million from Bitget Following Massive Crypto Hack
Customers withdrew $463 million from Bitget in a single day following the major hack. The exchange’s protection fund is also dwindling rapid…
Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach
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…
Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387 million haul
Nearly 5,000 Bitcoin has left Bitget’s tracked reserves after the crypto exchange reopened withdrawals following its $387.5 million hack. On…
THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to th…
Bitget’s hack just got $36 million bigger, and now there’s a bounty on the stolen crypto
The exchange says the revision adds assets from the same incident and will announce a withdrawal plan by Sept. 26. The post Bitget’s hack ju…
Bitget clarifies $388M in assets affected by security breach
The Bitget breach announced on Thursday affected about $35 million more than previously reported, based on an analysis of assets on Zcash an…
Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect
An attacker faked internal transfer requests to drain $387.5 million from Bitget's hot and warm wallets, and the exchange's CEO says the fin…
Morning Minute: BlackRock Leans Deeper Into Tokenization with Ondo
The biggest financial institutions in the world are bringing more products onchain, and the pace is accelerating.…
Bitget’s North Korea-linked $352 million hack could drain 76% of its protection fund
At a $464 million reference value, covering the full estimate from the fund would leave about $112 million, below its stated floor. The post…
Bitget's $352 million hack happened via spoofed transfers, not private keys, CEO Gray Chen says
Bitget lost $351.6 million after attackers compromised a wallet backend, spoofed transaction data, Chen said on X.…
Bitget CEO suspects North Korea behind $352M hack, citing IP clues
Bitget CEO Gracy Chen said a preliminary investigation found IP addresses matching VPN choices associated with a DPRK hacking group. …
Nearly $352M Moved From Crypto Exchange Bitget Wallets in Suspected Hack
Bitcoin Magazine Nearly $352M Moved From Crypto Exchange Bitget Wallets in Suspected Hack Crypto exchange Bitget detected unauthorized tran…
Crypto exchange Bitget loses $352 million in hack, claims user funds are 'safe'
Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements.…
Bitget confirms $352M security breach, suspends withdrawals
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected…
Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets
A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour.…