BitMart suspends withdrawals after hackers drained almost $200 million in cryptocurrencies using a stolen private key
Reading now: 625
markets.businessinsider.comNurPhoto / Getty Images
Close to $200 million in cryptocurrencies has been stolen from wallets from the BitMart exchange using a stolen private key, according to the company's chief executive.
On Monday BitMart's CEO Sheldon Xia said that they discovered that the cryptocurrencies were withdrawn using a stolen private key which usually enables a user to access their cryptocurrency.
«We have identified a large-scale security breach related to one of our ETH (ether) hot wallets and one of our BSC (binance smart chain) hot wallets, » Xia said on Twitter.
PeckShield inc, a data analytics company said on Twitter Sunday $100 million was taken from the ethereum network and $96 million from the binance smart chain blockchain. The assets affected
Read more on markets.businessinsider.comAbout this in other media
BitMart says it's resumed crypto withdrawals three days after hackers stole almost $200 million in funds markets.businessinsider.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
