Bitget Says $351.6 Million Loss Came From Spoofed Transfers

Bitget lost $351.6 million after attackers compromised part of its wallet backend and manipulated transaction data, according to CEO Gracy Chen. Chen said on X that the incident involved spoofed transfers rather than the theft of private keys. The disclosure clarifies how the exchange’s systems were compromised, while confirming the scale of the loss. The incident was reported by CoinDesk on Sept. 25, 2026. No further details about the affected wallet, the attackers or the recovery of funds were provided in the supplied information.