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

189
SHARES
1.5k
VIEWS


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

Further investigation by the team revealed a simultaneous hack of $ 96 million on the crypto exchange’s BSC reserves:

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

Hackers have made up a mix of over 20 tokens including altcoins such as BNB, Safemoon, BSC-USD, and BPay. Significant amounts of coins such as BabyDoge, Floki, and Moonshot were also compromised in the hack.

According to for Peckshield, hacking was a simple case of transfer, swap and wash: