COINTELEGRAPH · 2026-11-04 22:32 UTC

BitMart founder says security team 'severely understaffed' after new hack

BitMart founder Sheldon Xia confirmed a new hack involving approximately $391,000 in suspicious transfers and said the security team is 'severely understaffed' after restructuring, with threats against employees complicating staff retention. Blockchain analytics firm Bitquery traced funds from the BitMart hack to a wallet also linked to the $46 million Mercado Bitcoin hack on November 2, suggesting a possible connection between the incidents. The breach occurs amid BitMart's announced shutdown, with the exchange planning to cease operations in January 2027 and proposing three recovery…

Loading the story on Tree News…