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Bitget CEO Confirms $387.5 Million Hacker Attack but Plans IPO Within Three Years

On September 26, Crypto Briefing reported that Bitget CEO Gracy Chen stated that despite the platform being hacked on September 24 at 18:31 UTC, resulting in a loss of $387.5 million, the company still plans to go public within three years. The stolen assets included approximately 103 million XRP (about $157 million) as well as ETH and USDT, while the cold wallet was unaffected and no private keys were leaked. Chen noted that the characteristics of the attack were similar to previous actions by North Korean hacker groups, based on IP and transaction pattern analysis. Law enforcement has been notified, and on-chain tracking has been initiated, with Mandiant and SlowMist assisting in the investigation. Withdrawals remain suspended. Bitget's user protection fund exceeds $464 million, which can fully cover the losses with approximately $76 million remaining. Chen mentioned that in 2026, the AI and aerospace sectors would attract investors' attention, making the IPO environment challenging.

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