Hackers have stolen $ 196 million from the Bitmart crypto trading platform, a security company said on Saturday.

Bitmart confirmed the hack in an official statement on Saturday night, calling it “a large-scale security breach” and writing that hackers have stolen approximately $ 150 million in assets. However, blockchain security and data analytics firm Peckshield estimates the loss is closer to $ 200 million.

Bitmart added in a statement that all withdrawals have been temporarily suspended until further notice, and said a thorough security review was underway.

Peckshield was the first to notice the breach on Saturday, finding that one of Bitmart’s addresses showed a steady tens of millions of dollars in outflow to what Etherscan called a “Bitmart hacker.”

Peckshield appreciated that Bitmart lost around $ 100 million in various cryptocurrencies on the Ethereum blockchain and another $ 96 million through coins on the Binance Smart Chain. The hackers set off with a mix of more …



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