Bitget CEO Urges Faster Coordination Between Exchanges and Police After Hack
Bitget CEO Gracy Chen calls for faster cooperation among exchanges, issuers and law enforcement after the $6.3 billion Binance hack, per Market Talk.
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what happened
Bitget CEO Gracy Chen commented on reports of a $6.3 billion hack at Binance, urging faster cooperation among exchanges, token issuers, blockchain security firms and police. She argued that such partnerships must respond within minutes rather than days.
According to Chen, the main obstacle is how quickly stolen funds can cross different blockchain networks. Some assets can be frozen, but others get swapped into forms that cannot be frozen, she said in a note reported by Market Talk.
why it matters
For markets, the story signals rising security risks at major crypto exchanges, which can weigh on trust in trading platforms and sentiment toward digital assets. The note itself offers no new data on the size of losses or the timeline of any investigation.
market impact
Crypto exchanges: heightened security concerns may weigh on sentiment toward trading platforms
tags
instruments
sources
- Bitget CEO Calls for Communication Among Exchanges, Law Enforcement — Market Talk, 30 October 2026 at 15:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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