The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Trading

Victims of $200 million hack of BitMart crypto exchange still waiting to get their money

Victims of $200 million hack of BitMart crypto exchange still waiting to get their money
Share on FacebookShare on Twitter


Cryptocurrency exchange BitMart promised a full reimbursement to the victims of the platform-wide $200 million hack, but some users still haven’t gotten their money back, according to a report from CNBC. Hackers made off with a variety of tokens on December 4th after using a stolen privacy key to gain access to one of BitMart’s hot wallets, otherwise known as a crypto wallet that’s connected to the internet.

Shortly after the incident, BitMart announced that it would use its own funding “to cover the incident and compensate affected users.” However, as CNBC reports, there are still several frustrated users who have yet to see their funds returned.

CNBC’s report details the experience of an Iranian refugee who says he stored $53,000 worth of SafeMoon on BitMart, $40,000 of which is from a loan. The outlet also got in touch with a Kansas-based investor who has $35,000 in limbo — he claims that he and 6,800 other investors may file a class-action lawsuit against BitMart if nothing’s done to resolve the situation.

Of all the tokens stolen in the BitMart hack, data from blockchain security company, PeckShield, shows that SafeMoon was hit hardest. As pointed out by CNBC, SafeMoon holders are fighting back on Twitter, and have been flooding the site with the #WenBitMart hashtag to demand the return of their funds. This may be the only way users feel they can call attention to the issue, as CNBC reports some users are met with vague responses when contacting BitMart to check on the status of their lost funds.

It remains unclear just how BitMart plans on reimbursing all affected users. CNBC notes that while the exchange could buy back all of the tokens lost, it may be doing so when those tokens are at a much higher value. Other users question whether BitMart will be using some form of insurance to pay users back. The Verge reached out to BitMart with a request for comment but didn’t immediately hear back.





Read More:Victims of $200 million hack of BitMart crypto exchange still waiting to get their money

Tags: BitmartcryptoExchangeHackMillionmoneyvictimsWaiting
Previous Post

Tesla Owner Mines Up To $800 A Month In Crypto With His Car

Next Post

Kosovo seizes hundreds of cryptocurrency mining devices

Related Posts

GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX – The Premier & Most Secure Exchange

GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX – The Premier & Most Secure Exchange

by The Cryptos News
June 29, 2022
0

Dubai, United Arab Emirates, 29th June, 2022, Chainwire Recognized as a pioneering platform for buying, trading, and selling cryptocurrency...

Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”

Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”

by The Cryptos News
June 29, 2022
0

After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital, Sam Bankman-Fried, the 30-year-old billionaire founder of...

Crypto Exchange Fees War Heat Up in the US – Who Will be Winners?

Crypto Exchange Fees War Heat Up in the US – Who Will be Winners?

by The Cryptos News
June 28, 2022
0

The ongoing bear market in the crypto market is forcing exchanges to make strategic changes to sustain their operations....

Cryptoverse: Ethereum holds breath for blockchain network upgrade ‘merge’

Cryptoverse: Ethereum holds breath for blockchain network upgrade ‘merge’

by The Cryptos News
June 28, 2022
0

Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That's the name...

Next Post
Kosovo seizes hundreds of cryptocurrency mining devices

Kosovo seizes hundreds of cryptocurrency mining devices

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Baked Bean Fork Season is Here

Baked Bean Fork Season is Here

April 18, 2022
A new Cryptocurrency Exchange – Something Big Waiting To Happen? – Digital Journal

A new Cryptocurrency Exchange – Something Big Waiting To Happen? – Digital Journal

December 10, 2021
DAXE – The First Multi-Chain Certificate of Deposit

DAXE – The First Multi-Chain Certificate of Deposit

April 18, 2022
ADVERTISEMENT

Investment

How to invest in the crypto market during a bear run

How to invest in the crypto market during a bear run

June 29, 2022
Investment: How To Calculate The Attractiveness of a Cryptocurrency

Investment: How To Calculate The Attractiveness of a Cryptocurrency

June 29, 2022
Price of Cronos Crashes in Last 48 Hours to $0.2783 By CoinQuora

Why Celebrity-Backed Crypto Scams are on the Rise in the UK By DailyCoin

June 28, 2022
DOJ Sharpens Its Cryptocurrency Enforcement Focus – Technology – United States

BaFin Updates Its Warnings On Investments In Crypto-Assets – Fin Tech – European Union

June 28, 2022
Bored Ape Restaurant No Longer Accepts Crypto

Bored Ape Restaurant No Longer Accepts Crypto

June 28, 2022

Prices

Crypto Lending Scheme Implosions Make Bitcoin Stronger

Crypto Lending Scheme Implosions Make Bitcoin Stronger

June 29, 2022
Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

June 29, 2022
Bitcoin and Ethereum Prices Rallied This Week. It Won’t Last, According to These Experts

Bitcoin and Ethereum Prices Rallied This Week. It Won’t Last, According to These Experts

June 28, 2022
Top 3 Reasons To Buy Ethereum Now!

Top 3 Reasons To Buy Ethereum Now!

June 28, 2022

Trading

GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX – The Premier & Most Secure Exchange

GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX – The Premier & Most Secure Exchange

June 29, 2022
Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”

Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”

June 29, 2022
Crypto Exchange Fees War Heat Up in the US – Who Will be Winners?

Crypto Exchange Fees War Heat Up in the US – Who Will be Winners?

June 28, 2022
Cryptoverse: Ethereum holds breath for blockchain network upgrade ‘merge’

Cryptoverse: Ethereum holds breath for blockchain network upgrade ‘merge’

June 28, 2022
Coinbase Faces Wide-Ranging Compliance Probe In NY – Law360

Crypto Exchange Unizen Secures $200M To Spur Growth – Law360

June 27, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz