Bitget Lost $352M in Hack via Spoofed Transactions, Not Key Breach

Cryptocurrency exchange Bitget suffered a major security breach resulting in losses of approximately $351.6 million. CEO Gray Chen revealed the details of the attack in a post on X. According to Chen, hackers exploited the wallet backend by spoofing transaction data rather than compromising private keys. The attack vector was therefore an internal infrastructure vulnerability, not a traditional credential theft.