Cryptocurrency exchange BitMart lost $150 million in cryptocurrency due to hacking

The company is investigating the incident and has temporarily suspended withdrawal operations.

The company is investigating the incident and has temporarily suspended withdrawal operations

Cryptocurrency exchange BitMart reported that it was hacked and lost $150 million worth of cryptocurrency. Founder and CEO Sheldon Xia explained that the security problem was related to Ethereum and Binance Smart Chain hot wallets.On the evening of Dec. 4, PeckShield recorded an abnormal number of withdrawals from BitMart. Among the tokens that were withdrawn from the marketplace were “meme” tokens, including Shiba Inu, as well as USDC stabelcoin.

Earlier, hackers attacked Badger DAO’s DeFi-protocol, causing the Celsius lending platform to lose over $50 million. In total, the attackers managed to withdraw over $120 million in bitcoins and Ethereum from Badger DAO user accounts.

Earlier hackers attacked the DeFi-protocol Badger DAO, as a result of the crediting platform Celsius lost more than $50 million. In total, the attackers managed to withdraw from Badger DAO user accounts more than $120 million in bitcoins and Ethereum.

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The post was written by Crypto Expert John Belford

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