Monday, May 16, 2022
News

Victims of $200 mn BitMart crypto hack still waiting for refunds

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

San Francisco | Monday, 2022 4:15:08 PM IST
Victims of a $200 million hack of popular cryptocurrency exchange BitMart are still waiting for their money even after over a month since the exchange was hacked.

According to reports, BitMart had promised a full reimbursement to the victims of the platform-wide $200 million hack.

Hackers stole various crypto tokens on December 4, after using a stolen privacy key to gain access to one of BitMart's hot wallets, reports CNBC.

Shortly after the hacking, BitMart announced that it would use its own funding "to cover the incident and compensate affected users".

BitMart said in a statement that it would use its own money to reimburse victims of the large-scale security breach, which the exchange blamed on a stolen private key.

"Many BitMart customers say they haven't received any form of reimbursement," the report said on Sunday.

It remains unclear how BitMart plans on reimbursing all affected users.

BitMart said it was talking to multiple project teams to confirm the most reasonable solutions such as token swaps.

"No user assets will be harmed. We are now doing our best to retrieve security set-ups and our operation. We need time to make proper arrangements and your kind understanding during this period will be highly appreciated," the platform had said.

Of all the tokens stolen in the BitMart hack, data from blockchain security company, PeckShield, showed that SafeMoon token was hit hardest.

SafeMoon holders have taken their fight to Twitter with the #WenBitMart hashtag, demanding the return of their funds.

--IANS na/dpb

( 264 Words)

2022-01-10-10:14:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
Bezos' Blue origin targets May 20 for ne...
Study suggests some strategies to cut me...
Research suggests soil from moon can gen...
Scientists identify how brain triages em...
Research suggests a new approach to trea...
Regular exercise with expert dietary adv...
More...
 
INDIA WORLD ASIA
Magisterial probe ordered into firing in...
Four more held in BPSC paper leak case...
Manik Saha sworn-in as new Tripura CM; C...
History forced on us was propaganda of '...
One lakh documents made story of Savarka...
Heat wave over NW, central India, highes...
More...    
 
 Top Stories
It's a victory for entire nation, s... 
From free medical tests to medicine... 
Sonal Chauhan turns nostalgic as 'J... 
SkinGenious providing Patient Educa... 
K-Rail to replace stone-laying with... 
IPL 2022: PBKS opt to field against... 
SLK Software Appoints Ajay Kumar as... 
Karnataka CM calls for people's par...