BitMart founder confirms hack, preliminary investigation points to Mercado Bitcoin attackers

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BitMart founder Sheldon Xia confirmed that the exchange was hacked on November 2, with a preliminary investigation pointing to the same group that attacked Mercado Bitcoin. Bitquery data shows that the attackers transferred approximately $391,000 from a wallet linked to BitMart, with the outflow occurring 53 minutes before the Mercado Bitcoin incident. BitMart announced in July that it would cease operations, and its security team is currently “severely understaffed.” It has not yet disclosed whether user balances were affected or whether losses will be compensated.