Bitget CEO Gracy Chen Says Scammers Posed as an Investment Firm to Target Her After the Hack
After Bitget’s roughly $387.5 million breach, Gracy Chen said impostors later contacted her while posing as an investment firm’s team, and Bitget said withdrawals were restored on Oct. 2. Separate follow-up coverage added that the exchange’s protection fund reached $309 million, while investigators and security firms described tracing work, recovery limits, and the attack path across multiple chains.
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For day-to-day operations, the reporting shows a shift in what the exchange and investigators could do after the breach: SlowMist described a zero-day exploit and fraudulent withdrawals from hot wallets, while Chainalysis said it traced the funds across multiple networks and protocols with in-house AI and custom automation. The practical change was in how the incident was being handled and mapped, not in any announced return of the stolen assets themselves.
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Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 3.9 years ago | FTX · Phishing incident | $450M |
| 5.8 years ago | OneCoin · Scam incident | $440M |
| 23 days ago | Bitget incident | $351.6M |
| 4.7 years ago | Portal · Signature Verification Flaw incident | $326M |
| 41 days ago | Liquid Network incident | $320M |
4197 incidents stored · 20 were as large as this one or larger ($388M)
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