Bitget Reports $352 Million Loss Due to Spoofed Transfers

2026-09-27

Cryptocurrency exchange Bitget reported a loss of $351.6 million, attributing the incident to attackers compromising a wallet backend and spoofing transaction data. The exchange stated the breach did not involve the compromise of private keys.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Cryptocurrency exchange Bitget reported a loss of $351.6 million. This occurred because attackers compromised a wallet backend and spoofed transaction data, though private keys were not compromised.

Key facts

Bitget reported a loss of $351.6 million.
Attackers compromised a wallet backend and spoofed transaction data.
The security incident did not involve the compromise of private keys.
The incident highlights vulnerabilities in backend systems that manage transaction data.
Spoofing transaction information can lead to significant financial losses.

Source: CoinDesk

Reported by VERA Newswire.