Hackers steal $200 million worth of Shiba Inu, Saitama and other tokens from Bitmart Exchange

On Saturday, crypto exchange Bitmart lost nearly $200 million in a hack involving Ethereum (CRYPTO:ETHER) and Binance Smart Chain blockchains.

According to blockchain data security and analytics provider Peckshield, hackers took around $100 million in Ethereum-based coins and $96 million in Binance Smart Chain coins. Nearly 50 different types of tokens were stolen.

The theft included Shiba Inu (CRYPTO: SHIB), Binance Coin (CRYPTO: BNB), BabyDoge, Saitama (CRYPTO: SAITAMA), Dogelon Mars (CRYPTO: ELON), Crypto.com (CRPTO: CRO), Decentraland (CRYPTO: MANA ), and Akita Inu (CRYPTO: AKITA). The most popular meme coin, Dogecoin (CRYPTO:DOGE), was not included in the list of stolen assets.

The hackers first took 893,755,205,648 SHIBs, which were worth $32.7 million on the day of the transfer. They then transferred $28.5 million to Saitama Inu and $6.8 million to Dogelon.

Bitmart CEO Sheldon Xia confirmed the hack on a Tweeter. He said: “We have identified a large-scale security vulnerability related to one of our ETH hot wallets and one of our BSC hot wallets. At this time, we are still concluding the possible methods used. The hackers were able to withdraw assets worth approximately $150 million.”

Later in another Tweeter, he informed users about the suspension of withdrawals because of the hack.

In August, a hacker stole nearly $600 million in a cross-chain Poly Network attack.

According to Slowmist, the original funds used by the attacker were in the private coin Monero (CRYPTO: XMR), which was exchanged for Binance Coin (CRYPTO: BNB), Ethereum, Polygon and other tokens.

Related Link: DeFi Theft and Fraud Losses Hit $10.5 Billion in 2021, Mostly on Ethereum

Get an overview of trading platforms. Compare the best online brokerage companies.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comments are closed.