The cryptocurrency trading platform Bitmart, hosted on the Ethereum and Binance Smart Chain blockchains, acknowledged that they were stolen about $ 150 million in assets and for the moment, he suspended the extractions.
The $ 150 million hack of Bitmart was first revealed by Peckshield, a blockchain data analytics and security company that initially identified a transfer of approximately $ 100 million on the Ethereum blockchain.
The platform, which is still trying to determine the possible methods used by hackers to commit the crime, has stressed that the affected wallets “have a small percentage of assets in BitMart”, adding that the rest of the platform’s wallets “are safe. and without damage ”.
Further investigation by the team revealed a simultaneous hack of US $ 96 million on BSC reserves from the crypto exchange: “We have identified a large-scale security breach and are now conducting a comprehensive security review and will strive to maintain transparency. All withdrawals are temporarily suspended until further notice,” they said through a release.
According to estimates, the criminals took a combination of more than 20 tokens including altcoins like Binance Coin (BNB), Safemoon, BSC-USD and BNBBPay (BPay). Sizable amounts of meme coins such as BabyDoge, Floki, and Moonshot were also compromised in the hack.
Bitmart CEO Sheldon Xia later confirmed the hack via Twitter: “At this time we are still finalizing the possible methods used. Hackers were able to remove assets worth approximately $ 150 million”.
The price of bitcoin stood at $ 47,551.07 this Monday, 3.66% below Sunday’s close and 17.2% below the level of $ 57,482 last Friday, before the BitMart incident.
In what seems like an ongoing threat to the cryptocurrency ecosystem, cryptocurrency lending platform Celsius confirmed a loss of $ 50 million in the BadgerDAO decentralized finance protocol (DeFi) exploit.
How to take care of cryptocurrencies
Security firm Kaspersky offers some recommendations for those planning to invest in digital assets.
Previous investigation. Before investing money, do your research on where to trade cryptocurrencies and read expert feedback on the security benefits they offer. Exchanges provide the means to buy and sell digital currencies.
How to take care of cryptocurrencies. Photo Bloomberg.
Safe storage. Which cryptocurrency wallet to choose. Although there are many different types, each has its own advantages, technical requirements, and safety. As with changes, it is a good idea to research your storage options before investing.
Diversify investments. Diversification is the key to any good investment strategy. Don’t put all your money in bitcoin, for example, because that’s the name you know. There are thousands of options and the ideal is to distribute it in several currencies.
The volatility. The cryptocurrency market is volatile, so it will have a lot of ups and downs. Cryptocurrencies are all the rage, but they are still under development. Investing in something new comes with challenges, so be prepared. If you plan to participate, start in moderation.