BitMart’s hot wallets were breached for $196M:
$100M in Ethereum and $96M in #BSC (Binance Smart Chain) tokens. A stolen private key enabled the rapid drain. BitMart immediately paused withdrawals and assured users they’d be made whole from reserves (a process dragging into 2025). 🤝🔐 Afterward they enforced strict 2FA and key-management upgrades. Lesson: mid-tier exchanges face big risk if hot wallets aren’t locked down.
#BitMart #Binance #CryptoSecurity @Ethereum @Binance
