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Hackers Take $150 Million From Crypto Exchange BitMart During ‘Large-Scale Security Breach’

By Katabella Roberts

Hackers have taken millions from cryptocurrency trading platform BitMart during a “large-scale security breach,” the company announced in a statement on Monday.

BitMart, which provides real-time trading services including Bitcoin, Ethereum, and Tether trading, said that the hackers were able to withdraw about $150 million in assets.

However, blockchain security and data analytics firm Peckshield, which was the first to notice the breach on Saturday, estimated that the loss is closer to $200 million. Data suggest that the hackers stole $100 million worth of various cryptocurrencies on the Ethereum blockchain and $96 million on Binance Smart Chain.

One of Bitmart’s addresses currently shows a steady outflow of tens of millions of dollars of token balances to an address referred to as the “Bitmart Hacker” by Etherscan…

 

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