Security News > 2021 > December > Hackers Steal $200 Million Worth of Cryptocurrency Tokens from BitMart Exchange

Cryptocurrency trading platform BitMart has disclosed a "Large-scale security breach" that it blamed on a stolen private key, resulting in the theft of more than $150 million in various cryptocurrencies.

" Hot wallets, as opposed to their cold counterparts, are connected to the internet and allow cryptocurrency owners to receive and send tokens.

The development is the latest in a wave of hacks that have targeted cryptocurrency platforms such as PolyNetwork, Cream Finance, Liquid, and bZx, among others.

Last week, malicious actors orchestrated a heist amounting to $120 million worth of Bitcoin and Ether assets from BadgerDAO, a decentralized finance lending service.

In a separate development, blockchain startup MonoX Finance disclosed that a hacker stole $31 million by exploiting a bug in software the service uses to draft smart contracts.

In August, an unnamed attacker stole more than $600 million worth of tokens from the cryptocurrency platform PolyNetwork, only to return nearly all of the money two weeks later.

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https://thehackernews.com/2021/12/hackers-steal-200-million-worth-of.html