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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 5, 2021

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Verified

1

zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

150,000,000

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Recovered Amount:

-

Currency:

Dollars

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum, Binance Smart Chain

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, hot wallet

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BitMart founder and CEO Sheldon Xia tweeted to admit that a large-scale security breach occurred on the platform, and hackers were able to extract assets worth about US$150 million. The affected ETH hot wallet and BSC hot wallet carry a small amount of assets on BitMart, and the other wallets are safe and undamaged. Currently, BitMart has suspended withdrawals.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.