$200M BitMart Hack

    BitMart Hack

    One of the 12 largest DeFi, Crypto hacks. My summary here: https://crypto.security/crypto-blockchain-security/bitmart-hack/

    BitMart, one of the largest centralized crypto exchanges in terms of daily trading volume, was drained of $196 million. Bitmart confirmed the hack in an official statement, calling it “a large-scale security breach”.

    Blockchain security and data analytics firm Peckshield was the first to notice the breach, noting that one of Bitmart’s addresses showed a steady outflow of tens of millions of dollars to an address which Etherscan referred to as the “Bitmart Hacker.” Peckshield estimated that Bitmart lost around $100 million in various cryptocurrencies on the ethereum blockchain and another $96 million from coins on the binance smart chain.