BitMart confirms hack, suspects same group behind Mercado Bitcoin attack

Cryptocurrency exchange BitMart has confirmed suffering another security breach on November 2, with its preliminary investigation suggesting that the attackers may be responsible for the recent hack of Brazil’s Mercado Bitcoin. Summary BitMart founder Sheldon Xia confirmed that the exchange suffered another security breach on November 2 and said the amount involved was relatively small. Preliminary investigations suggest the attackers may be linked to the group behind the recent Mercado Bitcoin hack, with blockchain researchers identifying suspicious wallet transfers. Xia acknowledged that BitMart’s security team remains severely understaffed following restructuring, employee departures and disputes involving former personnel. The latest incident occurred as BitMart continued efforts to resolve customer withdrawals and financial difficulties following its decision to halt trading in August. In a November 3 statement on X, BitMart founder Sheldon Xia acknowledged the incident after blockchain transactions surfaced showing funds moving from wallets associated with the exchange to an address linked to the Mercado Bitcoin exploit. “Yes, we got hacked yesterday too,” Xia said, adding th...