Bitcoin price drops below $ 50,000 after BitMart hack

The price of bitcoin, the reference cryptocurrency in the markets, lost more than 3% in the session this Monday and accumulates a fall of more than 17% since last Friday. This occurred after the ‘crypto’ trading platform BitMart recognized that 150 million dollars (132 million euros) in assets had been stolen from it and suspended withdrawals.

“We have identified a large-scale security breach related to one of our active ETH wallets and one of our active BSC wallets,” BitMart confirmed. They estimate that “hackers were able to remove assets worth approximately $ 150 million.”

The platform, which is still trying to determine the possible methods used by hackers to commit the theft, has stressed that the affected wallets “have a small percentage of assets in BitMart”, adding that the rest of the platform’s wallets “are safe. and without damage “.

“We are conducting a comprehensive security review and will release updates as we progress. At this time we are temporarily suspending recalls until further notice,” he announced.

The price of bitcoin stood at $ 47,551.07 this Monday, 3.66 % below Sunday’s close and 17.2 % below the level of $ 57,482 last Friday, before the BitMart incident.

This Monday, BitMart plans to announce the compensation measures to clients after applying the security measures and the strategy to resume normal activities of the platform.

Our CEO @sheldonbitmart will conduct an AMA at 8PM EST Dec 6 on Telegram to share more info regarding the security breach, compensation arrangement, and how we plan to resume operation. We will strive to maintain transparency and your support to BitMart is highly appreciated. pic.twitter.com/83Q43W9aXf

— BitMart.Exchange (@BitMartExchange) December 6, 2021

Source: dpa