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$ 200 million stolen in a hacker attack on Bitmart



The crypto exchange Bitmart lost more than 200 million US dollars to a hacker attack, which was invested on the blockchains of Ethereum and the Binance Smart Chain.


The $ 200 million hack was noticed by the cybersecurity company Peckshield when almost $ 100 million was suddenly moved over the Ethereum network.


Further research then showed that an additional 96 million US dollars were stolen from the BSC reserves of the crypto exchange:


The hackers stole a mixture of more than 20 different cryptocurrencies, including Altcoins such as Binance Coin ( BNB ), Safemoon, BSC-USD and BNBBPay (Bpay). “Joke cryptocurrencies” such as BabyDoge, Floki and Moonshot were also stolen.



According to Peckshield , the attackers followed the classic payout, exchange and laundry pattern.


Bitmart CEO Sheldon Xia has now confirmed the hack on Twitter as a "major security breach". To this end he explains:



“At the moment we are still trying to understand which methods were used for this. In any case, the hackers were able to withdraw assets worth almost 150 million US dollars. "

Just a few days earlier, the crypto-savings bank Celsius Network had been the victim of a $ 50 million robbery as part of the hacker attack on the BadgerDAO DeFi protocol .


The first rumors of an attack on the decentralized financial services project arose on Thursday. A short time later, BadgerDAO confirmed that funds were stolen on Wednesday.


Similar to Bitmart, the Badger development team is still looking for the source of the security gap. As a precaution, all smart contracts were temporarily switched off to prevent further losses. 

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