TREE NEWS update: Bitget’s attacker executed two small test transfers roughly 30 minutes before draining $388 million from the exchange, CEO Gracy Chen said. The preliminary transfers suggest the exploiter probed the platform’s risk controls before carrying out the larger theft, Chen said.
Bitget Attacker Ran Test Transfers Before $388M Theft, CEO Says
The detail that matters here is not the size of the loss but the method: a deliberate probe of risk controls before the main event. That pattern implies the attacker expected detection to be possible and tested the response window rather than relying on a single blind exploit. For other venues, the takeaway is operational — the value of catching small anomalous transfers is only as good as the speed of the reaction they trigger. Whether exchanges treat these preliminary movements as a tripwire or as noise is the open question.
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