Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit By Cointelegraph – Investing.com

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Cryptocurrency10 hours ago (Dec 05, 2021 12:20AM ET)

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

Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the (ETH) and Binance Smart Chain (BSC) blockchains.

The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain.

Transfer of stolen Bitmart tokens. Source: PeckShield

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