Hacker steals $200 million from BitMart platform

Hacker steals $200 million from BitMart platform.

 Cryptocurrency exchange platform BitMart says it has been hit by a massive hack, with initial estimates of around $200 million in various cryptocurrencies being stolen.

 Sheldon Xia, founder and CEO of BitMart exchange, confirmed that the company has temporarily suspended withdrawals, and initially BitMart noticed that the hacker managed to transfer about $150 million in various cryptocurrencies.

 But another report from PeckShield, a blockchain security and data analytics company, confirmed that the amount is in fact is about $200 million, consisting of $100 million in Ethereum and $96 million in Binance Smart Chain BSC. The company also provided a list of the affected assets.

 Recently, there have been several incidents of cryptocurrency hacks in which millions of dollars were stolen. Last August, Poly Network, a cryptocurrency exchange protocol, said that it lost $611 million after it was hacked in what is suspected to be the largest scam in history of "Decenralized Finance" (DeFi).

 Also in August, Liquid, a cryptocurrency exchange based in Japan, suffered another hacking incident, reportedly losing $74 million worth of Bitcoin, Ethereum and other cryptocurrencies.

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