The crypto exchange Bitmart lost almost 200 million dollars in a hot wallet settlement that was arranged on the blockchains Ethereum and Binance Smart Chain.
The $ 200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics firm that originally planned to transfer $ 100 million through the Ethereum blockchain.
Further investigation of the team revealed a simultaneous breach of $ 96 million in the reserves of the cryptocurrency exchange BSC:
The hackers escaped with a mix of more than 20 tokens including altcoins such as Binance Coin (BNB), Safemoon, BSC-USD and BNBBPay (BPay). A large number of meme coins such as BabyDoge, Floki and Moonshot have been hacked as a result of the hack.
According to Peckschild, the hack was a simple case of transfer, exchange and washing:
Transfer stolen tokens to Bitmart. Source: PeckShield
Bitmart CEO Sheldon Shea later confirmed that the Twitter hack represented a “large-scale security breach” in hot ETH and BSC wallets:
At the moment, we are still coming to conclusions about possible methods used. The hackers managed to extract assets worth around 150 million dollars. ”
About the topic: The cryptocurrency lending company Celsius has allegedly been exploited by BadgerDAO.
Crypto-lending platform Celsius has confirmed that due to the ongoing threat to the crypto-ecosystem, the use of the BadgerDAO decentralized finance (DeFi) protocol has confirmed a loss of $ 50 million.
The badger DAO security breach first appeared on Thursday, and the miners officially announced that they had received several reports of unauthorized withdrawals of user funds on Wednesday.
By taking precautions similar to Bitmart, the Badger team has continued to investigate the issue and has suspended all smart contracts in the protocol to avoid further losses.