BitMart's founder has confirmed a hack occurred during the exchange's restructuring process, revealing a security breach that compromised user funds. The hack is believed to have taken place in mid-January, while the exchange was undergoing significant changes. According to reports, Bitquery identified a series of suspicious transactions totaling approximately $391,000, mostly originating from BitMart-linked wallets and routed to an address linked to a previous attack on Mercado Bitcoin.
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.