Bitget CEO: We're Not Going Anywhere, IPO in About Three Years During an emergency livestream on September 24, roughly three and a half hours after Bitget detected unauthorized transfers involving about $350 million, CEO Gracy Chen Gracy Chen @Bitget responded to claims that the incident was self-inflicted or an... inside job. Chen said staging such a hack would make no sense for a company focused on long-term growth. She said Bitget plans to pursue an IPO within the next few years — ideally in about three years — and that a major security incident would only hurt that goal. While the exact cause of the breach remains under investigation, Chen said the evidence at the time looked more consistent with the Lazarus Group.show more

@GracyBitget We're Not Going Anywhere!🫡

@GracyBitget "$350m gone, ipo in three years" is peak crypto sentence structure

I’ve known Gracy Chen for many years. She is a very dedicated and hardworking person, and I have no doubts about Bitget’s long-term plans. But to be honest, I don’t think customers’ funds should be frozen. People should be able to access their own money, even when an exchange faces problems…

@GracyBitget The Lazarus attribution is honestly the least useful part of this story. What actually matters is whether the insurance fund makes users whole before it drops off the timeline, that's the number nobody rushes to publish.

@GracyBitget three years is plenty of time to recoup $350m

@GracyBitget dude all it takes is 1 rogue employee

@GracyBitget This is what we call “the walking dead”; those that haven’t realized they are dead. There is no way to reestablish trust in these instances. I’m sure the investigators and investigation results will be enlightening and then the regulators will stick a fork in whatever is left.

@GracyBitget Confident timing, two days after a $387.5M hack. The phased withdrawal restart will say more about their recovery than IPO talk. If the protection fund covers it cleanly, trust can come out stronger.

@GracyBitget The IPO date is noise until the incident report is public. After ~$350m in unauthorized transfers, underwriters will price wallet permissions and reconciliation logs, not a three-year roadmap.

@GracyBitget Three years gives them plenty of time to rebuild trust.

@GracyBitget an IPO announcement tucked inside a hack post-mortem livestream is genuinely wild — talk about burying the lede 😅

@GracyBitget 就这水准还做梦ipo啊？

@GracyBitget Hope it is recovered

@GracyBitget A $350M incident followed by an IPO target in roughly three years is a strong statement of confidence. @DigiMaaya is watching how Bitget handles the fallout and rebuilds trust

@GracyBitget The IPO timeline is the easy headline. The real test is whether Bitget can show exactly how the unauthorized transfers happened and what controls changed afterward.

@GracyBitget Sticking around and naming a timeline is a bold move after a 350 million slip

@GracyBitget 1 bgb > 500$ after IPO 😌

@GracyBitget Does the IPO plan survive an independent audit of the $350m, including who bears the loss, or is three years just enough time for the market to forget?

@GracyBitget promising a three-year IPO target while the floor is still warm from a 350M exit is a very specific kind of composure.

@GracyBitget She is single by the way🙂

@GracyBitget $350m hole and a 3 year ipo timeline, honestly that tracks

@GracyBitget pinning it on lazarus mid livestream before the investigation even wraps is a bold call

@GracyBitget 三年后IPO能不能成真的得看风控力度了

@GracyBitget Interesting perspective