Crypto exchange Bitmart hacked for $200 million

Crypto exchange Bitmart lost nearly $200 million in a hack hosted via the Ethereum and Binance Smart Chain blockchains. The hackers made off with a mix of more than 20 tokens, including altcoins such as BNB, Safemoon, BSC-USD and BPay.

Massive Security Breach

The hack was first revealed by Peckshield, a blockchain analytics firm. The company initially identified a transfer of approximately $100 million worth of cryptocurrencies over the Ethereum blockchain. Closer investigation by the team revealed a simultaneous $96 million hack into the crypto exchange’s BSC reserves: