BitMart: Crypto-exchange loses $ 150 million to hackers

Cryptocurrency exchange BitMart says that hackers have stolen around $ 150 million (£ 113 million) in tokens from their “hot wallets.”

Those affected, one that stores Ethereum and one tokens from Binance Smart Chain, “carry a small percentage of assets on BitMart and all of our other wallets are safe and unharmed,” he said.

But the first security company to realize the hack calculated that the stolen tokens were worth more than $ 200 million.

Bitmart suspends customer withdrawals until further notice.

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“At this time we are still finalizing the possible methods used,” he said.

“We are now conducting a comprehensive security review and will release updates as we progress.”

And he would try to “maintain transparency” while dealing with the aftermath of the attack.
The main attacks on cryptocurrency platforms are so regular that it is difficult to keep up.

And the latter follows the pattern we are getting used to: huge amounts of stolen cryptocurrencies and small amounts of victim details.

We do not know:

exactly how much money was stolen
whether it comes from customers’ wallets or a Bitmart-owned core pot
whether the company will reimburse users
Previous hacks have seen a multitude of results.

Sometimes users are reimbursed, sometimes they are partially reimbursed, sometimes the company goes bankrupt, and on one occasion a hacker even gave all the money back.

The only certainty is that this hack will add fuel to the fire for people calling for regulation of these increasingly important companies.

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