BitMart, which provides real-time trading services including Bitcoin, Ethereum, and Tether trading, said that the hackers were able to withdraw about $150 million in assets.
However, blockchain security and data analytics firm Peckshield, which was the first to notice the breach on Saturday, estimated that the loss is closer to $200 million. Data suggest that the hackers stole $100 million worth of various cryptocurrencies on the Ethereum blockchain and $96 million on Binance Smart Chain.
One of Bitmart’s addresses currently shows a steady outflow of tens of millions of dollars of token balances to an address referred to as the “Bitmart Hacker” by Etherscan.
“We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets today. At this moment we are still concluding the possible methods used,” BitMart said in Monday’s statement.
“The affected ETH hot wallet and BSC hot wallet carry a small percentage of assets on BitMart and all of our other wallets are secure and unharmed. We are now conducting a thorough security review and we will post updates as we progress,” Bitmart said. “At this moment we are temporarily suspending withdrawals until further notice.”…
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