BitMart to compensate victims after hackers steal $150 million worth of cryptocurrencies
moneycontrol.comCrypto exchange BitMart has said it will compensate victims of a mega security breach after hackers stole cryptocurrencies worth around $150 million.
The crypto exchange had completed initial security checks and identified affected assets, BitMart said in a statement on December 6, two days after the security breach.
"This security breach was mainly caused by a stolen private key that had two of our hot wallets compromised. Other assets with BitMart are safe and unharmed," it said.
According to BitMart, the affected ethereum hot wallet and Binance Smart Chain hot wallet carried a "small percentage" of assets on BitMart.
"BitMart will use our own funding to cover the incident and compensate affected users. We are also talking to multiple project
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