$BTC
🔐 Bitget reveals how the hack happened
Bitget CEO Gracy Chen explained that the attack compromised a critical backend system in its wallet infrastructure.
⚠️ What did the attacker do?
The system allowed transaction data to be falsified and triggered the authorization process to transfer funds. Bitget clarified that the private keys were not compromised.
🛡️ The incident is contained:
Chen said that no new unauthorized transfers are possible. Deposits and trading are still operational.
💰 Who covers the losses?
Bitget states that its User Protection Fund, with more than USD 464 million, covers the affected amount of USD 351.6 million.
🔎 The investigation is ongoing to determine how access to the system was obtained.
💡 The key point: the attack likely did not require stealing private keys, but compromising a backend component capable of generating valid transfer instructions.
🔐 Bitget reveals how the hack happened
Bitget CEO Gracy Chen explained that the attack compromised a critical backend system in its wallet infrastructure.
⚠️ What did the attacker do?
The system allowed transaction data to be falsified and triggered the authorization process to transfer funds. Bitget clarified that the private keys were not compromised.
🛡️ The incident is contained:
Chen said that no new unauthorized transfers are possible. Deposits and trading are still operational.
💰 Who covers the losses?
Bitget states that its User Protection Fund, with more than USD 464 million, covers the affected amount of USD 351.6 million.
🔎 The investigation is ongoing to determine how access to the system was obtained.
💡 The key point: the attack likely did not require stealing private keys, but compromising a backend component capable of generating valid transfer instructions.