Bitget CEO Attributes Security Breach to Third-Party Product Vulnerability

Bitget CEO Gracy Chen confirmed that the recent security incident was caused by a vulnerability in a third-party security product, which allowed attackers to forge withdrawal commands and bypass risk checks. The CEO stated that private keys remained secure and cold wallets were unaffected. The platform plans to replenish its $300 million user protection fund within one week to cover the losses, noting that the company holds over $1.4 billion in total assets.