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Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
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Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.
The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain.
Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s BSC reserves:
Total estimated loss: ~200M
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