Crypto exchange BitMart loses $196 million to hackers

Large-scale cryptocurrency heists remain a significant headache. According to Coindesk, the crypto exchange BitMart has lost the equivalent of $196 million (originally estimated at $150 million) to a hack. The intruder breached Ethereum and Binance wallets with a flood of transfers starting around 2:30PM Eastern on December 4th, followed by an exodus of tokens two hours later that included Shiba and USDC. Founder Sheldon Xia said only a "small percentage" of BitMart's assets were at risk. Even s...