Bitget Attributes Security Breach to Third-Party Tool Vulnerability

Bitget CEO Gracy Chen confirmed that the September 25 security incident was caused by a vulnerability in a third-party security tool, which allowed attackers to obtain internal credentials and forge withdrawal requests. The exchange clarified that private keys were not compromised and internal staff were not involved. Bitget has implemented security reforms, including isolating affected servers and revoking internal credentials. The platform's $464 million protection fund is covering the losses, and Bitcoin withdrawals have resumed in phases.