Nearly $200 million has reportedly been stolen from the cryptocurrency exchange BitMart, according to China-based blockchain analytics firm PeckShield, which tracked the heist beginning Saturday.
The CEO of BitMart, which is one of the top centralized crypto exchanges by volume, took to Twitter in the wake of the attack and indicated that the company will use its own funding to cover losses for affected users.
In a formal statement issued on Saturday, BitMart confirmed the incident, writing: “We have identified a large-scale security breach related to one of our ETH [Ethereum] hot wallets and one of our BSC [Binance Smart Chain] hot wallets today. At this moment we are still concluding the possible methods used. Hackers were able to withdraw assets of the value of approximately $150 million USD.”
