Did a hacker steal $150 million from bitmart?

Hackers stole at least $150 million from crypto exchange Bitmart, the platform said Monday. In a statement addressed to users, Bitmart said an initial security check has been completed and impacted assets identified. The assets were stolen from two “hot wallets,” one hosted on the Ethereum blockchain and the other on the Binance Smart Chain.

How much money has been stolen from cryptocurrency exchanges?

According to a study by CipherTrace, $4.26 billion has been stolen from cryptocurrency exchanges, investors, and users in 2019 alone. Therefore, if you have any doubts or you are getting worried about your exchange’s legitimacy, you are not alone. It is critical to double-check their authenticity before continuing any dealings on the site.

Should you keep cryptocurrency in a hot wallet?

While keeping cryptocurrency in a hot wallet is more convenient, there’s an added risk of hacks such as the Bitmart breach. The hack was first reported by blockchain security and data analytics firm Peckshield and was later confirmed by Bitmart CEO Sheldon Xia.