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December 6, 2021 01:51 am

Another Crypto Heist: $150M Stolen from Trading Platform BitMart

"We have identified a large-scale security breach..." the official announcement begins. CNBC reports:Hackers have taken $196 million from crypto trading platform BitMart, a security firm said Saturday. BitMart confirmed the hack in an official statement Saturday night, calling it "a large-scale security breach" and writing that hackers withdrew about $150 million in assets. However, blockchain security and data analytics firm Peckshield estimates that the loss is closer to $200 million. BitMart added in a statement that all withdrawals had been temporarily suspended until further notice and said a thorough security review was underway. Peckshield was the first to notice the breach on Saturday, noting that one of BitMart's addresses showed a steady outflow of tens of millions of dollars to an address which [Ethereum analytics platform] Etherscan referred to as the "BitMart Hacker." Peckshield estimated that BitMart lost around $100 million in various cryptocurrencies on the ethereum blockchain and another $96 million from coins on the binance smart chain. The hackers made off with a mix of more than 20 tokens, including binance coin, safemoon, and shiba inu. This comes on the heels of a $120 million cryptocurrency heist from BadgerDAO.

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