Bitmart loses $ 200 million from hack from unknown attackers-

Bitmart, a cryptocurrency exchange, suffered an attack yesterday, in which some security gaps were used to gain access to the funds of the stock exchange. The attack was aimed at the platform's hot wallets, especially on Ethereum and Binance Smart Chain-based wallets. The hackers managed to take tokens worth almost $ 200 million from the platform.

Bitmart Hot Wallets exploited

Bitmart lost more than $ 200 million through a hack in which his hot wallets were involved. The problem was first identified by PeckShield, a blockchain security and auditing company, Hot Wallet security gap on social media. The bridles involved were the ones that contained eth and bsc--based token.

Bitmart representative initially estimated the losses at $ 150 million, but Peckshield examined the funds taken and said: losses were around $ 200 million. The hack needed, among other things, considerable amounts of Shib, Safemoon, Sand and Mana. The event influenced the price of some tokens noted on the stock exchange with low liquidity, since large amounts of it were liquidated on decentralized stock exchanges.

Bitmart recognized the situation and indicated at the time that the losses made a small part of the stock exchanges. In a message from the company it says:

those affected ETH hot wallet and BSC hot wallet carry a small percentage of the assets on Bitmart and all of our other wallets are safe and unscathed. We are now carrying out a thorough security check and will publish updates over time.

Tornado-washed funds

The exploiters quickly moved the funds to other platforms with the intention of mixing the cryptocurrency taken over. According to Peckshield, all Binance Smart Chain and Ethereum-token were exchanged for Ethereum with 1inch Exchange platform, and then became on. sent tornado.cash , a one Covering protocol that enables users to make transactions less susceptible to tracking.

This is one of the more devastating attacks on a centralized stock exchange this year, with a large part of the risk of exploit being relocated to decentralized financial platforms (DEFI). As a result of this situation, the stock exchange has suspended the payments for all assets until it carries out an examination and a new security check of the platform and its weaknesses.

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