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Bitmart loses ~$200M following ‘large-scale security breach’
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ambcrypto.comAs the crypto-market lost momentum and people across the board panicked again, a group of hackers conflated users’ concerns by targeting Bitmart, a cryptocurrency exchange. Earlier on Sunday, Bitmart Founder and CEO Sheldon Xia confirmed the hack, noting,
“We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions.”
On the contrary, security researchers PeckShield estimated a total loss of $200 million in various assets. As per the researchers,
“Total estimated loss: ~200M (~100M on @ethereum and ~96M on @BinanceChain). (Previously
Read more on ambcrypto.comAbout this in other media
Bitcoin pushes for $50K! Is the downtrend finally over? | Tune in now to The Market Report w/ Sam Bourgi cointelegraph.com /2 years ago
AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise cointelegraph.com /2 years ago
Bitmart pledges to reimburse hack victims as crypto community voices support cointelegraph.com /2 years ago
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