The $200 million Bitmart hack was first disclosed by the blockchain security and data analysis company Peckshield, which initially identified a Transfer about 100 million U.S. dollars On the Ethereum blockchain.

The team’s further investigation revealed that the BSC reserves of the cryptocurrency exchange were also hacked by a total of 96 million U.S. dollars:

The cryptocurrency exchange Bitmart lost nearly $200 million in a hot wallet hosted by Ethereum (Ethereum) And Binance Smart Chain (BSC) blockchain.

Total estimated loss: ~200M (~100M on @Ethereum And ~96M @Binance Chain ). (Before we only calculated the loss @Ethereum).This is the list of affected assets/amounts @Binance Chain pic.twitter.com/cXXApDFtd7

-PeckShield Inc. (@peckshield) December 5, 2021

The hackers mixed more than 20 tokens, including altcoins such as BNB, Safemoon, BSC-USD and BPay. A large number of meme coins (such as BabyDoge, Floki and Moonshot) have also been hacked.

according to For Peckshield, hackers are a simple case of transfer, exchange, and cleaning:

Bitmart CEO Sheldon Xia later confirmed that the hacking on Twitter was a “large-scale security breach” targeting ETH and BSC hot wallets:

“At the moment we are still summarizing the possible methods. The hacker was able to extract assets worth about $150 million.”

3/3 Currently, we temporarily suspend withdrawals until further notice. In this case, we implore your understanding and patience. thank you very much.

-Sheldon Xia (@sheldonbitmart) December 5, 2021