Bitcoin Withdrawal Enabled After $200M BitMart Hack

Bitcoin Withdrawal Enabled After $200M BitMart Hack
  • BitMart has now enabled bitcoin withdrawals from its exchange.
  • The crypto exchange got hacked recently, in which $200 million worth of cryptocurrency was stolen.
  • Deposit and withdrawal functions for Ethereum and ERC-20 tokens went online on December 7.

Amid the recent BitMart hack, the exchange now allows users to deposit and withdraw their bitcoins and other major cryptocurrencies. These include Solana (SOL), Kusama (KSM), and more.

According to an email sent to BitMart users, the exchange is still conducting its investigation regarding the security breach. Specifically, on December 4, a person that they have yet to identify has gained access to critical private keys for a Binance Smart Chain (BSC) wallet and an Ethereum (ETH) wallet. This enabled the hacker to nab $200 million worth of cryptocurrency.

BitMart reopened its deposit and withdrawal function for Ethereum and ERC-20 tokens on December 7. Likewise, the exchange opened deposits and withdrawals for some BEP-20 tokens the next day. 

Currently, BitMart is working with cybersecurity agencies and law enforcement agencies, not to mention other crypto platforms.

Meanwhile, the exchange will execute a maintenance on December 13. It will also perform another maintenance on December 15. Furthermore, deposit and withdrawal addresses for various tokens will be changed.

Earlier, the exchange announced that it will be compensating users who lost their digital assets from the crypto hack. 

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