After the break-in, Bitmart temporarily suspended all withdrawals until further notice. The company had initially put the damage at around 150 million US dollars (about 132.7 million euros) in an initial notification.
In the coup, the hackers got their hands on digital coins that were on the blockchains Ethereum and Binance, the blockchain security firm PeckShield announced on Twitter. PeckShield had also discovered and reported the break-in on Sunday.
Company boss Xia wrote that in response to this incident, Bitmart carried out initial security reviews and identified affected assets. “This security breach was primarily caused by a stolen private key that compromised two of our hot wallets. Other assets with Bitmart are safe and intact. “
Bitmart plans to compensate users out of pocket, Xia said. The exchange will announce a schedule to gradually resume deposits and withdrawals, he said, adding he was “confident” that they will resume on Tuesday.