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.
