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BitMart Resumes Ether Withdrawals and Deposits, Three Days After $200M Hack

BitMart is replacing deposit addresses for bitcoin, ether and solana.

By Eliza Gkritsi
AccessTimeIconDec 8, 2021 at 7:53 a.m. UTC
Updated May 11, 2023 at 6:32 p.m. UTC
(Adam Levine/CoinDesk)
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Crypto exchange BitMart has resumed ether withdrawals and deposits, three days after hackers stole approximately $200 million from hot wallets, the exchange’s CEO Sheldon Xia tweeted on Wednesday.

  • Withdrawals and deposits for other tokens will follow shortly, Xia said.
  • BitMart is replacing all deposit addresses for bitcoin, ether and solana, and is encouraging users to log out of their accounts and log back in to make sure they are using the right address, according to a Wednesday blog post.
  • The hackers drained $100 million worth of various Ethereum-based cryptocurrencies and $96 million on Binance Smart Chain, security firm PeckShield revealed early on Dec. 5. Xia later said that the hack happened because private keys to hot wallets were stolen.
  • The exchange is also giving away a total of 1 million of its own token, BMX, in a “Loyalty Rewards” promotion to users who hold USDT on the exchange, it said on a separate post.

Read more: BitMart CEO Says Stolen Private Key Behind $196M Hack



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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Eliza Gkritsi
Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.

Follow @egreechee on Twitter

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