After the break-in, Bitmart temporarily suspended all withdrawals until further notice. In an initial announcement, the company initially estimated the damage to be the equivalent of around 150 million US dollars (regarding 132.7 million euros).
During the coup, the hackers got their hands on digital coins that were on the blockchains Ethereum and Binance, the blockchain security firm PeckShield announced on Twitter. PeckShield had also discovered and reported the break-in on Sunday.
Company boss Xia wrote that in response to this incident, Bitmart carried out initial security checks and identified affected values. “This security breach was mainly caused by a stolen private key that compromised two of our hot wallets. Other assets with Bitmart are safe and intact. “
Bitmart plans to compensate users out of pocket, Xia said. The exchange will announce a schedule to gradually resume deposits and withdrawals, he said, adding that he is “confident” that they will resume on Tuesday.
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