Bitmart hacked for $ 200 million following Ethereum and Binance Smart Chain exploit – .

Bitmart hacked for $ 200 million following Ethereum and Binance Smart Chain exploit – .

The crypto exchange Bitmart lost nearly $ 200 million in a hot wallet compromise hosted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.
The $ 200 million Bitmart hack was first revealed by Peckshield, a blockchain data security and analytics company, which initially identified a transfer of around $ 100 million to the Ethereum blockchain.

Further investigation by the team revealed a simultaneous hack of $ 96 million on the crypto exchange’s BSC reserves:

Hackers got rid of a mix of over 20 tokens including altcoins such as Binance Coin (BNB), Safemoon, BSC-USD, and BPay. Significant amounts of coins such as BabyDoge, Floki, and Moonshot were also compromised in the hack.

According to for Peckshield, hacking was a simple case of transfer, swap and wash:

Transfer of stolen Bitmart tokens. Source: PeckShield

Bitmart CEO Sheldon Xia later confirmed the Twitter hack as a “large-scale security breach” on ETH and BSC hot wallets:

“At the moment, we are still in the process of concluding on the possible methods used. The hackers were able to remove assets worth around $ 150 million.

A report: Celsius cryptocurrency lender reportedly hit by BadgerDAO exploit

In what appears to be a continuing threat to the crypto ecosystem, cryptocurrency lending platform Celsius has confirmed a $ 50 million loss in operating the decentralized finance (DeFi) protocol BadgerDAO.

The first reports of BadgerDAO’s security breach surfaced on December 2, with the protocol officially announcing that it had received several exports of unauthorized withdrawals of user funds on Wednesday.

Taking preventative measures similar to Bitmart, the Badger team continued to investigate the issue and suspended all smart contracts on the protocol to prevent further loss.


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