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BitMart Hacked Again as Trail Points to Mercado Bitcoin

BitMart Hacked Again as Trail Points to Mercado Bitcoin

Photo: Pixabay (illustration)

BitMart founder Sheldon Xia confirmed the exchange was hacked a day before his public statement. On-chain investigators traced BitMart-linked funds to addresses tied to the Mercado Bitcoin exploit. The breach came during a week of attacks on Binance, a French bank and payment processors. No shared infrastructure provider or attack method has been confirmed. BitMart, the exchange that suspended trading in August and is winding down under a restructuring plan, was hacked on November 2, founder Sheldon Xia confirmed the next day. Blockchain analytics firm Bitquery traced about $391,000 in suspicious outflows from wallets mostly tied to BitMart.

Source: Crypto News Flash

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