BitMart Reports Breach, Points to Suspects in Mercado Bitcoin Attackers

BitMart founder Sheldon Xia acknowledged a November 2 security breach with initial investigation pointing toward a potential link with the same-day Mercado Bitcoin attack. Blockchain analytics firm Bitquery tracked roughly $391,000 in suspicious withdrawals from BitMart-associated wallets beginning 53 minutes before the larger attack. BitMart has not disclosed total losses or attack methodology and is scheduled to cease operations by January 31, 2027.

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