Thu. Jan 20th, 2022


Large scale cryptocurrency theft A significant headache remains. According to Per Coindesk, Crypto exchange BitMart Lost The equivalent of $ 196 million (basically approximately $ 150 million) for a hack. The intruder breached Ethereum and Binance wallets with a flood of transfers beginning at 2:30 PM on the 4th of December, followed by an outflow of tokens two hours later, which included Shiva and USDC.

Founder Sheldon Zia says only a “small percentage” of Bitmart’s assets are at risk. Nevertheless, the company has frozen the withdrawal “until further notice” and is reviewing the security.

It is unknown at this time what he will do after leaving the post. Crypto thieves are not always that clever. The poly network attacker, for example, offered to “surrender” and returned all their loot. They claim they are contributing to the safety of the poly, but it could also be an attempt to avoid reactions once researchers find potentially identifiable data.

While this is not the biggest digital theft (for example, Polly Attacker swindled $ 610 million), Coindesk Note that this is one of the largest centralized exchange hacks ever. It also underscores the growing issue of cryptocurrency theft – a technology that makes it possible to steal large sums of money with some responses.

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