Bitget CEO Gracy Chen Breaks Down $388M Hack
Episode 42 of The Starting Block, hosted by The Block's Gareth Jenkinson, was broadcasted live with Bitget CEO Gracy Chen.
Bitget CEO Gracy Chen joins Gareth Jenkinson on The Starting Block to discuss the $388 million hack of Bitget's hot and warm wallets, how attackers exploited a third-party zero-day vulnerability to bypass risk controls, and how the exchange is using its protection fund to cover all user losses.
The attack began at 6:31 PM UTC on September 24, 2026, with two small test transactions of 0.84 ETH and 93 TRX that fell below alert thresholds. About 30 minutes later, the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.