On the 25th, Gracy Chen, CEO of the cryptocurrency exchange Bitget, disclosed progress in the investigation of the unauthorized outflow incident on X. It was revealed that the attacker breached a critical backend system within the wallet infrastructure, falsified transaction data, and illicitly activated the fund transfer approval process to move funds externally.
Chen denied any leakage of private keys, thereby eliminating more severe risk scenarios. The containment of the damage has been confirmed, and further unauthorized...
