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BitMart's Sheldon Xia says security team severely understaffed after suspected hack

NewsFeeds update

BitMart founder Sheldon Xia said the exchange's security team is severely understaffed during restructuring, citing threats to employees and suspected retaliation by former staff. Bitquery traced about $391,000 in suspicious movements across three blockchains to a wallet also linked to the Mercado Bitcoin hack, though no direct link is confirmed.

AltcoinsCoinNessAIBearish

Read the original on CoinNess

The story so far: Mercado Bitcoin security incident

BitMart, which is shutting down and in restructuring, was hacked for a smaller sum; founder Sheldon Xia suspects the same group behind Brazil's Mercado Bitcoin attack. Xia now says BitMart's security team is severely understaffed, and Bitquery traced about $391,000 in suspicious movements to a wallet also linked…

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  1. BitMart's Sheldon Xia confirms hack, suspects link to Mercado Bitcoin attack

  2. BitMart's Sheldon Xia says security team severely understaffed after suspected hack

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