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.
Estimated total loss: ~ 200M (~ 100M on @ethereum and ~ 96M on @BinanceChain ). (Previously we only counted the loss on @ethereum). And here is the list of assets / amounts concerned on @BinanceChain pic.twitter.com/cXXApDFtd7
– PeckShield Inc. (@peckshield) December 5, 2021
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: