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Gracy Chen

Chief Executive Officer, Bitget

Search every verified Gracy Chen interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gracy Chen, CEO of Bitget, has been publicly addressing the exchange's September 24, 2026 security breach, in which approximately $388 million was stolen from its hot and warm wallets. Chen stated that attackers exploited a vulnerability in a third-party security product to obtain high-level internal credentials and initiate unauthorized transfers. She said the company covered user losses using its protection fund and company capital, which she stated exceeds $1 billion, and described steps taken to strengthen security, including stricter assessments of third-party products and reset internal credentials. Chen also discussed the company's plans to replenish its protection fund to over $300 million and its efforts to cooperate with law enforcement and other industry participants to recover stolen assets. Beyond the hack, Chen has discussed her views on the broader crypto market, which she has described as a "monkey market" that could see Bitcoin swing 30% in either direction. She has expressed skepticism about the viability of many altcoins and has highlighted a shift toward tokenization, predicting that traditional financial assets such as stocks and commodities will increasingly be traded on blockchain infrastructure. Chen has also spoken about Bitget's strategy to become a "universal exchange" (UEX) offering a wider range of assets, including tokenized stocks and pre-IPO shares, and has noted the company's plans to expand into the U.S. market. She has additionally participated in panels discussing Bitcoin yield products and the role of women in crypto leadership.

Recent appearances

  • Bitcoin Could Swing 30% Either Way In The Next Two Months | Gracy Chen

    #Bitcoin #Crypto #finance Bitget CEO Gracy Chen breaks down the $388M exchange hack, how attackers exploited a third-party security vulnerability, and how the company covered user losses. She discusses the lessons for exchange security, rebuilding user trust, and the growing shift toward tokenized stocks and AI-powered trading. The conversation also explores Bitget’s vision of becoming a universal exchange and its plans to enter the U.S. market. 🎙 Guests Gracy Chen: https://x.com/GracyBitget Timestamps: 0:00:00 Bitget Hack: What Happened on September 24 0:04:37 What the Attack Was and Wh…

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  • Gracy Chen: This Will Trigger Bitcoin's Bull Market

    Bitget CEO Gracy Chen doubts the Bitcoin bull market has started, and says many altcoins are already dead or dying. Gracy Chen is the CEO of Bitget, a crypto exchange serving more than 100 million users. She joins Michaël van de Poppe to talk about where this market really stands. "I don't think it's a typical bear market, nor if it's a bull market. I will call it a monkey market because it just jumps up and down." Gracy explains why she thinks sentiment has changed more than the fundamentals, and why she warns against high leverage in this market. She says many layer 1s, layer 2s and Web3…

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  • Panel | Yield At Scale: Building Earn Features for 100M+ Users

    As yield products reach larger user bases, the questions that matter are where the yield comes from and who manages the risk behind it. In this panel, Mingxuan He (Gauntlet), Gracy Chen (Bitget) and Kate Wong (Morph) examine how an exchange, a curator and a chain build and manage Bitcoin yield products for users, moderated by Anlin Z (Gauntlet). Vault Summit Singapore, Andaz Singapore - October 9 Follow Vault Summit on X Link: https://x.com/vault__summit Follow Vault Summit on LinkedIn Link:   / vault-summit  

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  • BITGET CEO Reveals The Future Of TOKENIZED STOCKS 🌎 | Gracy Chen, Bitget

    🎙️ Exclusive interview with Gracy Chen, CEO of Bitget, from TOKEN2049 Singapore on Bitget's 8th anniversary. In this conversation with Armel de Amorrortu, we delve into Latin America's potential in Web3, the importance of financial education, the use of stablecoins and remittances in the region, and the concept of a Universal Exchange (UEX). Gracy also explains where tokenization is headed: stocks, commodities, forex and pre-IPO, and 24/7 stock trading. 👉 Subscribe and turn on notifications so you don't miss future interviews. 📲 Follow Bitcoin Argentina YouTube:    / @bitcoinargentinaoficia…

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  • Bitget CEO Breaks Silence After $388M Hack: “We Have Over $1B”

    Could Bitget survive another major crypto exchange hack? Bitget CEO Gracy Chen joins BeInCrypto after the $388 million security breach to explain what happened, how user funds were protected, and what the exchange is changing. Chen says Bitget has more than $1 billion in company capital and explains why the exchange believes it could absorb another major security incident. She also discusses Bitget’s $300 million protection fund, the recovery of stolen assets, and the financial impact of the attack. The interview also covers the third-party vulnerability linked to the breach, whether there w…

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  • Inside Bitget's $388M Hack: How the Attackers Got In

    Bitget CEO Gracy Chen walks through the September 24 hack that drained about $388 million from the exchange's hot and warm wallets, and how a vendor zero-day let attackers push fraudulent withdrawals past its risk controls without ever touching the keys. Laura presses her on the DPRK attribution, the fight with THORChain over laundering the funds, and whether a protection fund is a real answer to an exchange getting hacked. _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our cha…

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  • Cuomo Seeks Clarity, Bitget Hacked, Peirce's Exit Interview

    "Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Bitget CEO Gracy Chen, ICE-OKX Joint Venture Co-Chair Andrew Cuomo, BoFA Globa Head of Digital Assets Platform Sonali Theisen, and SEC Commissioner Hester Peirce. YouTube Chapters: 00:00 Bloomberg Crypto opens 00:02:09 Bitget Hack 00:02:48 Gracy Chen, Bitget CEO 00:05:23 Bitget Withdrawals 00:07:06 Bitget Protection Fund 00:10:30 Andrew Cuomo on Crypto Regulation 00:14:43 New York BitLicense 00:16:49 Crypto Consumer Protection 00:19:03 Cuomo on the Midterms 00:21:02…

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  • EXCLUSIVE INTERVIEW WITH BITGET CEO GRACY CHEN | BITGET CEO ON Bitget Withdrawal

    EXCLUSIVE INTERVIEW WITH BITGET CEO GRACY CHEN I sat down with Gracy Bitget to discuss the recent Bitget security ...

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  • Bitget CEO Gracy Chen Breaks Down $388M Hack

    Bitget CEO Gracy Chen joins Gareth Jenkinson on The Starting Block to walk through the $350M hack: what happened, how user funds are being protected, and Bitget's plans moving forward. OUTLINE 00:00 Intro 01:05 Withdrawals Resume 02:12 The Recap 05:45 Minute by Minute 08:14 Anatomy of a Hack 11:07 Whodunit 13:28 ThorChain 17:03 Frenemies 21:18 Law & Order 24:39 Protection Fund 27:48 Balance Sheet 29:13 What's Next 31:14 Outro

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  • THE WAY LADIES DRIVE THE INDUSTRY, GRACY, CEO BITGET

    Women are still a minority in crypto. Gracy Chen runs one of the world's largest exchanges and is working to change that. Kevin Susanto sits down with the CEO of Bitget at Indonesia Blockchain Week 2026 on leading in a male-dominated industry, why Bitget backs Blockchain for Her, and what more women in crypto actually changes for the industry. Kevin Susanto Talks — conversations with the people who move the money. Kevin is Co-founder & Partner at Arktivak and Co-host of Indonesia Blockchain Week. Forbes Asia 30 Under 30. New episodes weekly with the founders, exchange leaders, and investors…

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  • Gracy Chen (Bitget CEO) on the Future of Crypto Market (ft Sulianto Indria Putra) | Inside IDBW

    What's really coming next for the crypto market? In this episode of Inside IDBW, host Sulianto Indria Putra sits down with Gracy Chen, CEO of Bitget, to unpack where the market is heading and what it means for traders, builders, and everyday users. === About Inside IDBW Inside IDBW is a podcast series from Indonesia Blockchain Week. Episodes are recorded at a dedicated podcast room set up during the event, featuring conversations with guests from Indonesia Blockchain Week 2026 === 🔔 Subscribe for more Inside IDBW episodes #IndonesiaBlockchainWeek #InsideIDBW

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  • Crypto Is Broken With Bitget's CEO Gracy Chen

    Are altcoins dying, is the traditional crypto cycle breaking down, and could the next phase of crypto look completely different from the last? Gracy Chen, CEO of Bitget, one of the world’s leading crypto exchanges, breaks down where she believes the market is heading, why institutional capital is changing the game, and which parts of crypto could actually matter in the years ahead. In this episode: ■ Why Gracy says “altcoins are dead” ■ Why institutional capital is changing crypto ■ Why the old altcoin cycle may no longer work ■ How stablecoins, AI and tokenization could drive adoption ■ Why…

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Verified interview transcripts

Notable quotes

“I think it's more like a monkey market. So monkey jumps up and down, and that's how I feel about the current market. So don't be too surprised if Bitcoin went down another 30%, but also don't be too upset if Bitcoin went up 30%. And I think that's both very reasonable, and that could happen even within this year, just in one or two months, right? Because the current market is quite unpredictable. AI stocks are quite ”

“The broader lesson is any vendor with especially privileged access is part of our security. We can't treat them just like a third party that, oh, it's not my business and I don't care that much and as far as you serve me well, it's done. So we've already after the incident strengthened our approach in a few areas, like we've done more rigorous assessment of all the third party products, whether it was part of the inc”

“I actually have a 2030 vision that I call a 10% vision. What I mean by that is basically if you list all the traditional financial industries assets you can compare the penetration ratio of the tokenized version versus the traditional version. So private credit then money market fund then equity pre-IPO stocks you know VC can be all pre-IPO stocks maybe and then maybe even real estate like all these different asset c”

“I would want to firstly lay a foundation which I hope is not true but I think it's more and more true in this cycle which is crypto is lack of its own innovation. However it is integrating to the traditional financial industry and become a very important infrastructure of tradfi. Why I think this is becoming true is mainly for the last few years there aren't that many layer 1 and layer two sort of public chains reall”

“I think the next steps for tokenization might be less about assets being tokenized and more about whether they can be traded 24/7 rather than the set market hours of 9:30 a.m. to 4 p.m. In the US market, for example, we've seen large organizations like NYSE and NASDAQ also experimenting with tokenization, aiming for trading hour expansion—if not 24/7, at least 23/5—to cover more Asian hours for the US. Many tradition”

“Since we talked about RWA and reality, one of the things that excites me a lot in the upcoming one year is how can crypto exchanges or crypto industry in general evolve from a small group of just crypto users to a broader users, broader users to do trading or do investment on different asset classes. Like today Bitget is already offering crypto together with commodity tokenized stocks, stock option even pre-IPO stock”

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