Bitget’s Chen Voices Support for Binance After Its Hack
Bitget CEO Gracy Chen says she understands Binance’s hard early response to a $6.3 billion hack and urges backing for its recovery, per Market Talk.
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what happened
Bitget chief executive Gracy Chen said she understands how hard the early response period is for Binance, which is now dealing with the aftermath of a $6.3 billion hack, according to Market Talk. Her own exchange suffered a widely reported security breach last month, in which hackers took roughly $388 million.
In Chen’s note, Bitget’s first goals were containing the incident, protecting users and being open about what happened. She said the Protection Fund covered the financial hit and user balances were untouched. “Right now, the focus should be on supporting Binance’s recovery efforts and protecting its users,” she said.
why it matters
For the market, episodes like this are a reminder that breaches at major exchanges remain a visible risk for the whole crypto sector. The statement is supportive in tone and adds no new data on the scale of Binance’s losses or the timeline of its recovery.
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sources
- Bitget CEO Sympathizes with Binance Weeks After Its Own Breach — Market Talk, 30 October 2026 at 15:21 UTC
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