Tag
gracy chen
4 articles
Bitget Loses $351.6 Million in Backend Hack, Private Keys Secure
CEO Gracy Chen confirmed attackers spoofed transfer data by compromising a critical backend system, not by stealing private keys.
Bitget CEO Skeptical of Full Recovery After $388M Hack
Gracy Chen points to Bybit's 2025 breach where only 3.5 percent of $1.5 billion in stolen Ether was frozen a year later, setting a grim precedent.
Bitget Confirms $351.6M Hack as CEO Defends Exchange Fund Safeguards
Bitget CEO Gracy Chen said major exchanges no longer commingle customer funds after the platform paused withdrawals following a $351.6 million security breach on Sept. 24.
Bitget CEO Chen Targets $50K Bitcoin, Sits Heavy in Stablecoins at $79K
Gracy Chen is waiting for Bitcoin to drop more than $25,000 from current levels before deploying capital back into the asset.