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Bitmart loses $100 million in DeFi hack
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finextra.comXia says BitBitMart will use its own funding to cover the incident and compensate affected users. "We are also talking to multiple project teams to confirm the most reasonable solutions such as token swaps," he says.
"No user assets will be harmed."The Exchange, whose Twitter handle bills itself as "The Most Trusted Crypto Trading Platform", is expected to re-open trading Tuesday.Recent data from Elliptic reveals that just over $12 billion in losses have been suffered over the past year by DeFi users and investors. In August $613m of user funds was drained from PolyNetwork in the largest DeFi attack to date.
Read more on finextra.comAbout this in other media
Small Ethereum investors increase exposure as ETH loses $4K level cointelegraph.com /2 years ago
Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC cointelegraph.com /2 years ago
AscendEX reportedly loses ~$78M after its hot wallet is compromised ambcrypto.com /2 years ago
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