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Stealing money from BitMart

Stealing money from BitMart

Today, BitMart users have one more reason to be concerned. Not only is most of the cryptocurrency prices in the red, but Bitmart has officially confirmed that it has fallen victim to a hacker attack.

Although, according to the information provided by the CEO, exchanges mainly suffered from hot ETH and BSC wallets, the exchange has already decided for nearly twelve hours or so to suspend all withdrawals, which raises additional concerns among users.

Attack on BitMart

According to information published on the official Twitter account of the exchange (Tweet embed) A widespread security breach has been identified that requires a security status check. In addition to All withdrawals are suspended until further notice.

„We have identified a widespread security breach, are now conducting a comprehensive security review and will strive to maintain transparency. All withdrawals are temporarily suspended until further notice. We appreciate your understanding and patience.”

Sheldon Shea on crypto theft

More information was provided by the founder and CEO of BitMart Sheldon Shea. It was he who reported that the security breach related to ETH and BSC wallets, as well as the approximate value of the stolen funds, which were initially estimated at around $150 million (it later turned out that the losses could reach $200 million).

Shea stressed, however, that the remaining assets of the exchange and other wallets were not affected by this attack, and new information will be made available after a thorough security review.

At the time of writing, it is still not possible to withdraw any cryptocurrencies and the exchange is asking users for understanding and patience.

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Some projects (including the organization responsible for HBAR) have already posted on Twitter that they are actively monitoring the situation and are in contact with the BitMart team. competitive exchange Hopi But she assured that she will do everything she can to help solve the problem.

„We will do our best to help #BitMart address this issue. If there are any related asset flows, we will report and assist in a timely manner.”

We remind you that in the “old days” attacks on cryptocurrency exchanges were the daily routine (see also: Biggest Hacking Attacks on Cryptocurrency Exchanges in 2019). Therefore, for your own safety, it is worth using hardware wallets, especially if someone is not actively trading and simply uses the exchange instead of the wallet.