Hackers hacked BitMart and stole almost $ 150 million - the exchange promises to compensate for the damage
As a result of the hacking of the BitMart cryptocurrency exchange, hackers managed to get hold of digital coins in the amount of about $ 150 million.
What is known
The hack was reported by PeckShield. Cybersecurity experts discovered that on December 4, attackers were able to withdraw about $ 100,000,000 from the Ethereum network. Then it became known about the withdrawal of almost $ 96,000,000 through the Binance Smart Chain.
Total estimated loss: ~ 200M (~ 100M on @ethereum and ~ 96M on @BinanceChain ). (Previously we only counted the loss on @ethereum). And here is the list of affected assets / amounts on @BinanceChain pic.twitter.com/cXXApDFtd7
- PeckShield Inc. (@peckshield) December 5, 2021
According to PeckShield's calculations, the exchange lost $ 196 million. In total, almost three dozen different digital currencies were stolen, including Binance Coin and prank tokens like Baby Doge Inu, Floki Inu and Moonshot. The funds were converted to Ethereum and withdrawn through a 1 inch exchanger, and hackers passed them through Tornado Cash to disguise them.
BitMart representatives did not immediately acknowledge the fact of the hacker attack. For some time, moderators on the exchange's Telegram channel called information about the theft of cryptocurrency fake. BitMart later confirmed the fact of the hack, but the damage was less - $ 150,000,000.
1/4 In response to this incident, BitMart has completed initial security checks and identified affected assets. This security breach was mainly caused by a stolen private key that had two of our hot wallets compromised. Other assets with BitMart are safe and unharmed.
- Sheldon Xia (@sheldonbitmart) December 6, 2021
The company's CEO, Sheldon Xia, said the keys to the wallets where the exchange holds assets had been compromised. BitMart compensates investors for losses. The money will be paid from the personal funds of the exchange.
A source: BitMart
