Crypto exchange BitMart hacked. $150 million in crypto lost

BitMart

BitMart, a cryptocurrency exchange headquartered in Malaysia, has been hacked. This is the latest in what seems to be an endless news of cryptocurrency exchanges being hacked for hefty losses. In this case, the loss is huge – $150 million from one or more of the company’s hot wallets.

The hack was announced by Sheldon Xia, the company’s Founder and CEO in a series of Twitter posts, the first of which read:

We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions.

The hacked hot wallets seems to have been holding only meme cryptocurrencies, so no BTC or Eth were lost in the hack. This is a developing story, so stay tuned for updates.

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