Hackers take $196 million from crypto exchange Bitmart

Sharing is Caring!

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.

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.”

See also  Corrupt to the bone! The Biden family received $1 million from convicted Chinese spy Patrick Ho. Hunter called him "the spy chief of China," and President Joe Biden was caught on a voicemail talking to Hunter about their business.

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.

www.cnbc.com/2021/12/05/hackers-take-196-million-from-crypto-exchange-bitmart-in-large-breach.html

Trending:
See also  Crypto-focused bank Silvergate shutting down operations and liquidating bank

Views: 6

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.