BitMart Hack Trail Leads to Wallet Tied to $46M Mercado Bitcoin Attack

TLDR BitMart founder Sheldon Xia says the exchange’s security team is “severely understaffed” after a new hack on Monday. Bitquery found about $391,000 in suspicious transfers from wallets mostly tied to BitMart across three blockchains. The funds were traced to a wallet also linked to the $46 million Mercado Bitcoin hack in Brazil. BitMart published a restructuring plan on Monday with three recovery options for users. The T3 crime unit formed by Tron, Tether and TRM Labs has disbanded, Bloomberg reports. Crypto exchange BitMart says it is running with a short-staffed security team, days after a new hack hit the platform. Blockchain analysts say funds from the attack moved to a wallet also tied to a breach at a Brazilian exchange.

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