Share this article

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

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

Updated May 11, 2023, 6:32 p.m. Published Dec 8, 2021, 7:53 a.m.

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.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the The Protocol Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Hack Tech Security

Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.