BitMart to Compensate by its Own Funding, Covering Loss of Security Breach for Victims amid Hacking

BitMart CEO, in a series of tweets on Monday, December 6, announced that the company will use their own funding to cover the security breach that saw hackers withdraw about $150 million of cryptocurrencies and compensate the victims whose money was stolen during the incident.

Following the recent hacking incident, CEO Sheldon Xia said he would share more information on last week’s breach and the compensation arrangement in a live discussion on social media and messaging platform Telegram at 8 pm New York time Monday.
BitMart suffered from a large-scale security breach on December 5, and the hacks were related to one of …

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