Hackers take $196 million from crypto exchange Bitmart

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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.

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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.”

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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

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