Start United States USA — Financial Hackers take $196 million from crypto exchange Bitmart, security firm says

Hackers take $196 million from crypto exchange Bitmart, security firm says

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Bitmart said all withdrawals had been temporarily suspended until further notice and a thorough security review was underway.
Hackers have taken $196 million from crypto trading platform Bitmart, a security firm said Saturday. Bitmart confirmed the hack in an official statement Saturday night, calling it „a large-scale security breach“ and writing that hackers withdrew about $150 million in assets. However, blockchain security and data analytics firm Peckshield estimates that the loss is closer to $200 million. Bitmart added in a statement that all withdrawals had been temporarily suspended until further notice and said a thorough security review was underway. Peckshield was the first to notice the breach on Saturday, noting that one of Bitmart’s addresses showed a steady outflow of tens of millions of dollars to an address which Etherscan referred to as the „Bitmart Hacker.“ Peckshield estimated that Bitmart lost around $100 million in various cryptocurrencies on the ethereum blockchain and another $96 million from coins on the binance smart chain. The hackers made off with a mix of more than 20 tokens, including binance coin, safemoon, and shiba inu. Bitmart says that the affected ethereum and binance smart chain „hot wallets“ carried only a „small percentage“ of the exchange’s assets.

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