Bitmart exchange group
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- Crypto Exchange BitMart Hacked With Losses Estimated at $196M
- BitMart Exchange: Bitcoin Is Still On Top, But Altcoins Take A Step Forward
- Bitmart hack sees up to $200m in crypto assets stolen
- Crypto-exchange BitMart reports $150 million theft following hack
- Victims of $200 mn BitMart crypto hack still waiting for refunds
- Huobi and SHIB team up to help BitMart recover from hack
Crypto Exchange BitMart Hacked With Losses Estimated at $196M
Large-scale cryptocurrency heists remain a significant headache. The intruder breached Ethereum and Binance wallets with a flood of transfers starting around PM Eastern on December 4th, followed by an exodus of tokens two hours later that included Shiba and USDC. Founder Sheldon Xia said only a "small percentage" of BitMart's assets were at risk.
Even so, the company has frozen withdrawals "until further notice" and is reviewing security. It's not clear who was responsible, but the culprit may have been knowledgeable The stolen funds have been sent to an Ethereum mixing service that could make it difficult to trace the funds.
Crypto thieves aren't always that astute. The Poly Network attacker, for instance, offered to "surrender" and wound up returning all their loot.
They claimed they were contributing to Poly's security, but that might also have been an attempt to avoid repercussions after researchers obtained potentially identifying data.
It also underscores the growing issue of cryptocurrency theft — the technology makes it all too feasible to steal large sums with few repercussions. Sign up. Fingas Sponsored Links. In this article: crypto , news , Ethereum , gear , internet , security , blockchain , BitMart , Binance , cryptocurrency. All products recommended by Engadget are selected by our editorial team, independent of our parent company.
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BitMart Exchange: Bitcoin Is Still On Top, But Altcoins Take A Step Forward
In a statement addressed to users, Bitmart said an initial security check has been completed and impacted assets identified. The hack was first reported by blockchain security and data analytics firm Peckshield and was later confirmed by Bitmart CEO Sheldon Xia. All Bitmart assets not held in these wallets are secure, according to the company. Bitmart will use its own funding to cover losses and compensate impacted users. Crypto exchange Huobi Global came out in support of the company as it race to mitigate the hack.
Bitmart hack sees up to $200m in crypto assets stolen
The cryptocurrency SafeMoon is due to be listed on two new exchanges, its creators have announced in an "Ask Me Anything" roundtable. In the roundtable, the currency's developers including CEO John Karony and CTO Thomas Smith discussed updates to the currency including its own exchange platform which is in development. Few details were available at the time—it was not revealed which two exchanges SafeMoon will be listed on. Viewers were encouraged to check back on Wednesday or Thursday for more information. Currently the currency is listed on the BitMart exchange but not on the major leading platforms Coinbase or Binance. He added the exchange would work in a similar way to the token, in that people will get rewarded for not selling—referred to as "holding"—and penalized for selling. That'll be the core function of the exchange. Can the Fed engineer a soft landing? Here's what Fed Chair Powell's comments suggest. Apple has new products coming out, and that's good for the stock, says Evercore's Daryanani.
Crypto-exchange BitMart reports $150 million theft following hack
Home » Cryptocurrency » BitMart. BitMart was established in as a cryptocurrency exchange. The Cayman Islands is where the exchange is founded. Amazon, Alibaba, as well as other major corporations have ex-members on the exchange team.
Victims of $200 mn BitMart crypto hack still waiting for refunds
The company has suspended withdrawals following the breach. Technology reporter AlexMartin. BitMart said the tokens were transferred from the company's "hot wallets" that allowed the company to trade on both the Ethereum and Binance Smart Chain networks. The hackers transferred a range of tokens that are traded on these blockchains, but the company said the affected wallets carried "a small percentage of assets on BitMart" and that its other wallets "are secure and unharmed". Joe Danger: Autistic boy, 8, inspires relaunch of game that helped him.
Huobi and SHIB team up to help BitMart recover from hack
CNBC reached out to Bitmart to ask about the multimillion dollar discrepancy, but the exchange declined to comment on this point. Bitmart wrote in an official statement Monday morning that it had completed initial security checks and identified the affected assets. The exchange said the security breach was mainly caused by a stolen private key, which affected two of its hot wallets, but other assets were "safe and unharmed. The affected ethereum and binance smart chain "hot wallets" carried only a "small percentage" of the exchange's assets, according to the company. Cryptocurrency can be stored "hot," "cold," or some combination of the two.
Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all available deposit, investment, loan or credit products. Crypto trading platform BitMart said it would use its own funds to compensate users affected by a Dec.
It is the latest in a series of attacks on crypto exchanges as criminal gangs target the places digital currencies are stored. These incidents could cause crypto exchanges to introduce tighter security as a way of attracting customers, and could also pique the interest of regulators which have already been looking to introduce stricter controls on exchanges around the world. BitMart, which has suspended customer withdrawals until further notice in the wake of the breach, launched in and is based in the Caymen Islands. BitMart cryptocurrency attack: not the first of its kind BitMart is the latest in a series of cryptocurrency exchanges to be targeted by criminals. Why do cryptocurrency exchanges keep getting hacked? When it comes to online security, cryptocurrency exchanges will have the same issues as any other company, says Steve Forbes, head of cyber product at security company Nominet.
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Nayana Patil. BitMart is a crypto trading platform created by cryptocurrency enthusiasts. The network offers spot trading, OTC trading, futures contract trading, and other digital assets services. The trading platform has been translated into 6 languages, including Russian and English.
Not worth it.