Uncategorized

Bitmart Exchange Hacked: $200 Million Allegedly Stolen

Bitmart has confirmed that it was hacked, with early estimations indicating that the total amount swiped is around $200 million in various cryptocurrencies. Sheldon Xia, founder and CEO of the exchange, asserted that the company has temporarily suspended withdrawals.

  • Users on Twitter started to complain about a possible security breach against Bitmart earlier on December 5th before the company confirmed the news hours later.
  • The statement described the event as a “large-scale security breach” related to one of the hot Ethereum (ETH) wallets and one of the Binance Smart Chain (BSC) hot wallets.
  • The company promised that the funds contained in those two addresses are a “small percentage of assets on Bitmart” and all other wallets are “secure and unharmed.”
  • Initially, Bitmart noted that the hackers were able to swipe around $150 million worth of several cryptocurrencies.
  • However, another report from the blockchain security and data analytics resource PeckShield, showed that the amount is actually around $200 million – $100 million on Ethereum and $96 million on BSC. The company also provided a list of the affected assets.
  • Although Bitmart ultimately confirmed the hack and Sheldon Xia said all withdrawals are temporarily suspended, this was not the case initially.
  • PeckShield showed several chats on Telegram, in which an admin from Bitmart refuted the allegations that the exchange was hacked.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

Leave a Reply

Your email address will not be published. Required fields are marked *