Wednesday, June 19, 2024

Hacker steals $ 200 million from BitMart Exchange


BitMart exchange loses $ 200 million

The $ 200 million hack was first exposed by the Peckshield company, a data analysis company. The official announcement describes the event as a “large-scale security breach.”

After further study, Peckshield revealed a simultaneous hack of $ 96 million in Binance Smart Chain (BSC) and $ 100 million in Ethereum (ETH).

Shiba Inu (SHIB) token tops loot list. The hacker has seized 893.8 billion SHIB tokens, or roughly $ 33.4 million at press time. Les tokens Saitama (SAITAMA), Dogelon Mars (ELON) and Akita Inu (AKITA) Also among the cryptocurrencies that have been stolen from BitMart customers.

The hacker also stole $ 96 million worth of BSC tokens. The hacker managed to steal 29.4 billion from SAFEMOON or approximately $ 43.8 million.

BitMart said that funds in these two directions represent only a “small percentage of assets at Bitmart” and that all the other wallets are “safe and undamaged”. The exchange is still conducting a comprehensive security review and all withdrawals are on hold until further notice.

Transit des fonds via Tornado Cash

The attacker used the 1Inch decentralized exchange (DEX) to convert all tokens to Ether. The ETH was then sent to the Tornado Cash mixer, making it difficult to track.. The following diagram shows the operations:

Diagram of the transfer of funds after the hack. – Source : PeckShield

The Peckshield company noted that it was a simple game for pirates, a game in which they “transfer, exchange and wash”.

👉 To read about the same topic: Hacker takes advantage of BadgerDAO protocol flaw and steals $ 120 million from users

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About the Author : Florent david


Engaged in the crypto ecosystem since 2017. I am particularly interested in decentralized finance (DeFi), Ethereum 2.0, and non-fungible tokens (NFT).
All articles by Florent David.

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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