Crypto exchange Bitmart lost about $200 million in a hot wallet compromise over the Ethereum and Binance Chain blockchains.
Peckshield, a blockchain security and data analytics company, first revealed the $200 million Bitmart hack. According to the company, the hack represents a transfer of about $100 million over the Ethereum blockchain.
Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s BSC reserves:
Total estimated loss: ~200M (~100M on @ethereum and ~96M on @BinanceChain ). (Previously we only counted the loss on @ethereum). And here is the list of affected assets/amounts on @BinanceChain pic.twitter.com/cXXApDFtd7
— PeckShield Inc. (@peckshield) December 5, 2021
The hackers fled away with over 20 tokens including Altcoins like Binance Coin (BNB), BNBBPay (Bpay), BSC-USD and Safemoon. The hack also affected meme-based coins such as Floki, Moonshot and BabyDoge.
According to Peckshield, the hack was a straightforward case of transfer-out, swap, and wash:
