Bitget CEO Gracy Chen Reveals $80,000 Loss from Lazarus Group Scam
What happened
On September 25, 2026, Bitget CEO Gracy Chen revealed a personal loss of approximately $80,000 due to a social engineering scam linked to North Korea's Lazarus Group.
The Context
- Lazarus Group: This North Korean hacking collective has a history of targeting cryptocurrency exchanges and executives through sophisticated social engineering tactics.
- Exploitation of Trust: The attack involved impersonating journalists via a compromised crypto media account, highlighting vulnerabilities in professional communications.
- Broader Impact: Following the personal loss, Bitget reported a $387.5 million breach, prompting the activation of a user protection fund to cover exchange losses.
The Number
— This figure represents the personal loss incurred by Chen, underscoring the financial risks associated with trust-based interactions in the crypto industry.
Takeaway
Expect increased scrutiny on verification protocols for media interactions as the industry reassesses security measures in light of these incidents.
Curated tech headlines including AI stories.
"Influential aggregator surfacing the day’s top tech/AI links."
— A47 Editor
Bitget CEO Gracy Chen says she suspects North Korean attackers exploited a backend system used to process wallet transactions to drain $387M from the platform (Camila Grigera Naón/Fortune)
Bitget, a cryptocurrency exchange, has reported a significant security breach, with CEO Gracy Chen suspecting that North Korean attackers exploited a backend system to drain approximately $387 million from the platform. This incident follows the dete...
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Bitget offers 5% bounty for freezing funds stolen in $351.6M attack
Bitget has announced a recovery bounty of 5% for freezing and recovering funds stolen in a recent security breach, initially estimated at $351.6 million. The attack involved unauthorized transfers affecting both hot and warm wallets, prompting the ex...
English-language digital publication covering business, politics, technology, and current affairs.
"The Arabian Post mixes original and syndicated-style coverage with a broad regional and global business-news orientation."
— A47 Editor
Bitget chief links $387.5 million breach to North Korea
Gracy Chen, the CEO of Bitget, has indicated that preliminary evidence suggests North Korean-linked hackers may be responsible for a security breach that resulted in the transfer of approximately $387.5 million in cryptocurrency from the exchange's w...
Research, news, and analysis on blockchain startups, DeFi, and regulations.
"Crypto Briefing provides research, news, and analysis on blockchain startups, DeFi, and crypto regulations with investor-focused coverage."
— A47 Editor
Bitget CEO Gracy Chen reveals $80K loss from fake interview scam tied to Lazarus Group
Gracy Chen, CEO of Bitget, disclosed an $80,000 loss resulting from a fake interview scam linked to the notorious Lazarus Group, highlighting vulnerabilities in the cryptocurrency sector. This incident emphasizes the urgent need for improved human-la...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Bitget's $352 million hack happened via spoofed transfers, not private keys, CEO Gracy Chen says
Bitget, a cryptocurrency exchange, suffered a significant security breach resulting in unauthorized transfers totaling $352 million. CEO Gracy Chen stated that the hack occurred through spoofed transaction data rather than compromised private keys, r...