What happened to bitmart?

Crypto trading platform Bitmart said on Saturday it had experienced “a large-scale security breach” and that hackers had withdrawn about $150 million in assets. A third-party security firm, Peckshield, which first publicized the breach, put it closer to $200 million. On Monday, Bitmart said it would reimburse victims.

Will bitmart reimburse victims of a security breach?

On Monday, Bitmart said it would reimburse victims. Crypto trading platform Bitmart says it will use its own money to reimburse victims of a large-scale security breach, in which hackers took as much as $196 million. Bitmart claims hackers withdrew about $150 million in assets .

How much is a bitmart hack worth?

Those affected, one storing Ethereum and one Binance Smart Chain tokens, "carry a small percentage of assets on BitMart and all of our other wallets are secure and unharmed", it said. But the first security company to notice the hack estimated the stolen tokens were worth closer to $200m.

What's the trade-off between bitmart and etherscan?

The trade-off for convenience is potential exposure to bad actors. Peckshield was the first to notice the breach on Saturday, noting that one of Bitmart’s addresses showed a steady outflow of tens of millions of dollars to an address which Etherscan referred to as the “Bitmart Hacker.”