Bitcoin exchange BitMart loses $196m in crypto ‘bank heist’ hack

BitMart to Reimburse $196M Hack Victims - Crypto

BitMart suspends withdrawals following hack - IT PRO

CEO Sheldon Xia said the

BitMart to Compensate Victims of $196M Hack With Own Funds

CEO Sheldon Xia said the company would compensate all affected users. The estimated losses amount to $100m in cryptocurrencies on the Ethereum blockchain and a

BitMart CEO Sheldon Xia says that BitMart plans to use its own funds to compensate users affected by the hack, but did not provide a timeline for when users can expect to be

Sheldon Xia

Sheldon Xia, the CEO of BitMart, said that the crypto exchange will refund the users who fell victim to a large-scale hack on Saturday night out of its own pocket. Xia took to

BitMart is scheduled to resume withdrawal functions on Tuesday and will use its “own funding to cover the incident and compensate affected users”.

BitMart CEO Says Stolen Private Key Behind $196M Hack - CoinDesk

The hackers used decentralized exchange

The hackers used decentralized exchange aggregator 1inch to swap stolen tokens for ether, and deposited ether funds to privacy mixer Tornado Cash to hide their

BitMart Will Compensate Affected Users From

BitMart CEO Promises Ouf-of-Pocket Refunds After $196M Crypto

BitMart CEO Sheldon Xia says

BitMart CEO Sheldon Xia says the crypto exchange will use our own funding to repay users the nearly $200 million lost in a hacking attack on Saturday. Xia said the

BitMart to Compensate by its Own Funding, Covering

BitMart Says It Plans to Compensate Users Following $150