Exchange News

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.

Read CRYPTONEWSLAND on google news

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. 

CryptoNewsLand Editor

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.

Recent Posts

XRP Surges Near Q1 2024 Highs Amid Institutional Interest

#XRP Resurgence Alert 🚀 Bullish momentum propels XRP toward $1. Can it overcome resistance and…

36 mins ago

Mysterious Whale Withdraws $1 Million in Shiba Inu Tokens

An unidentified investor withdraws 40.47 billion SHIB tokens from Binance, sparking speculation amidst SHIB's recent…

6 hours ago

Top cryptos to hold and become a millionaire in 2025

A select few cryptocurrencies stand out with strong potential to skyrocket in value by 2025.…

9 hours ago

5 Best Cryptos Under $1 to Buy Today – Low-Priced Gems for Massive Gains

As the bull market gains momentum in 2024, these affordable picks offer an attractive entry…

10 hours ago

Bitcoin Achieves One Billion Transactions Milestone

Bitcoin reaches a historic milestone with one billion transactions, underscoring its enduring significance in cryptocurrency.…

10 hours ago

Should I Buy Altcoins Now? Expert Crypto Picks To Look For Today

It helps answer the burning question on whether now is a pivotal moment to invest…

11 hours ago