BitMart Exchange Hacked: $200 Million SHIB and Other Tokens Stolen

BitMart Exchange Hacked

Cryptocurrency theft from exchanges is increasing day by day. Now the Cayman Islands-headquartered crypto exchange BitMart has suffered a cryptocurrency exchange hack and lost $200 million Shiba Inu and other tokens.

According to blockchain security company PeckShield, after BadgerDAO, BitMart is the second cryptocurrency exchange that has been hacked within a month.

In this hack, the most affected cryptocurrencies are Shiba Inu (SHIB) and Safemoon (SAFEMOON) along with other tokens.

According to U Today, Initially, Packshield posted a tweet claiming $100 million worth of tokens stolen from one of the exchange’s Ethereum hot wallets.

According to reports, more than 20 cryptocurrencies are stolen including 893.8 Billion SHIB Tokens worth $33.4 million, Saitama (SAITAMA), Dogelon Mars (ELON), and Akita Inu (AKITA).

BitMart has also acknowledged the hack in a statement and claimed a small percentage of its total assets has been affected by this security breach.

The attacker has already withdrawn the stolen assets with Ethereum based mixing service Tornado.cash.

CoinGecko has said, BitMart is in the top 20 of worlds exchanges by trading volume. Many crypto coins including famous meme tokens are available for trading on this exchange.

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I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.
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