Bitmart cryptocurrency exchange hacked, with losses estimated at $196 million
One Bitmart address is currently showing a steady outflow of all token balances, some in the tens of millions of dollars
In the official Telegram channel, Bitmart representatives initially stated that the outflow of funds was a routine withdrawal, calling the hacking reports "fake news."
A few hours later, however, Bitmart CEO Sheldon Xia confirmed that the outgoing streams were indeed hacked as a result of a "security breach."
