#Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the #Ethereum (ETH) and #BinanceSmartChain (BSC) blockchains.
The $200 million Bitmart hack was first revealed by Peckshield, a #blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain.
According to Peckshield, the hack was a straightforward case of transfer-out, swap, and wash:

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More from @bitinning

6 Dec
An eye opening reminder about the number of #Crypto Exchange hacks (2011-2021).

A Thread 🧵...
🔶 Mt. Gox (2011-2014)
Assets Stolen - 850,000 #BTC
Losses Recovered: Trial ongoing
Type of Hack: Database breached
🔶 Poloniex - 2014
Assets Stolen: 97 #BTC
Losses Recovered: 100%
Type of Hack: Bug Exploit
Read 19 tweets
3 Dec
Who is Craig Wright? 🤔

A thread 🧵
Craig Wright is an Australian computer IT professional who says he is Satoshi Nakamoto, the pseudonymous inventor of #Bitcoin.
He also helped lead the fork between Bitcoin and Bitcoin Cash in 2017 by arguing that $BCH was closer to his intention for the network.

This caused another revolt that led to Bitcoin SV, a coin that prominent exchange such as Binance refuses to list over security concerns.
Read 10 tweets

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