Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit

The popular cryptocurrency exchange Bitmart has suffered a major hack, with over $200 million worth of digital assets stolen.

The attack took place over the weekend and saw hackers exploit a vulnerability in the Ethereum and Binance Smart Chain blockchains. This allowed the thieves to siphon off funds from a number of wallets on the platform.

Bitmart has since suspended all withdrawals and deposits while it investigates the incident. It is not yet clear how the hackers were able to gain access to the platform in the first place.

This is a major blow for Bitmart, which is one of the largest cryptocurrency exchanges in the world. It is also a stark reminder of the dangers that exist in the digital currency space.

Investors should be vigilant when storing their cryptocurrencies on exchanges and only use platforms that have a proven track record of security.

Mike Richards
Mike Richards

A like Crypto, Decentralize. I'm promoting the use of cryptocurrencies and decentralized technologies. I believe that these technologies have the potential to change the world for the better and I want to help people learn about them and adopt them into their lives.

Articles: 34