Hackers hacked BitMart crypto exchange and stole $ 150 million

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The company is investigating the incident, and the withdrawal operations are temporarily suspended.

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Crypto exchange BitMart reported that it was hacked, as a result of which it lost $ 150 million worth of cryptocurrency.

Exchange founder and CEO Sheldon Xia confirmed the incident and clarified that the vulnerability was related to hot wallets Ethereum (ETH) and Binance Smart Chain (BSC).

“We have identified a large-scale security breach involving one of our hot ETH wallets and one of our hot BSC wallets. At the moment, we are still drawing conclusions about the possible methods used. The hackers managed to withdraw assets worth about $ 150 million, ”Xia wrote on his Twitter account.

On the evening of December 4, PeckShield recorded an abnormal number of withdrawals from BitMart. Among the tokens that were withdrawn from the trading platform were "meme" tokens, including Shiba Inu, as well as the USDC stablecoin.

Recall that earlier hackers stole about $ 120 million in bitcoins and ether from the decentralized financial (DeFi) platform Badger, which allows users to borrow and lend and speculate on fluctuations in cryptocurrency prices.
 
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