Bitmart Suffers A Cyber-Attack

Crypto exchange BitMart suffered a violation in which threat actors stole more than $100 million in bonuses. The statement also revealed that approximately $150 million was taken, which BitMart referred to as “a small percentage of bonus.” In statements issued through Telegram, Twitter, and BitMart’s support page over the weekend, the exchange described the incident as “large scale” and set on it was related to one of its Ethereum hot wallets and one of its Binance Smart Chain hot wallets, used for cryptocurrency transactions. According to the statement, all other wallets are “secure and unharmed;” however, withdrawals were suspended while BitMart investigates the violation. On Dec. 2, users on BitMart’s Telegram channel complained of verification failures. The following day, they cited issues with buying, selling, trading, and withdrawing. On Dec. Cyber attacks against cryptocurrency exchanges are seemingly on the rise. Last month, BTC-Alpha confirmed it was the victim of a ransomware attack. Though BTC-Alpha founder Vitalii Bodnar said no hashed passwords were comprised and users’ balances were not impacted, users cited issues with logging in and not being able to withdraw funds.