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Victims of Bitmart Crypto Exchange's $200 Million Hack Still Waiting to Get Their Money Back

Victims of Bitmart Crypto Exchange's $200 Million Hack Still Waiting to Get Their Money Back

According to a report from CNBC, cryptocurrency exchange Bitmart has promised full reimbursement to victims of a $200 million platform-wide hack, but some users still haven't got their money back. After using a stolen privacy key to gain access to one of Bitmart's hot wallets, hackers made off on December 4th with various tokens, otherwise known as crypto wallets that connected to the Internet. Is. Is.

Shortly after the incident, Bitmart announced that it would use its own funds to “cover the incident and compensate the affected users.” However, as CNBC reports, there are still many disappointed users who have yet to see their money back.

A CNBC report details the experience of an Iranian refugee who says he stored $53,000 worth of Safemoon on Bitmart, of which $40,000 is from loans. The outlet also got in touch with a Kansas-based investor who has a $35,000 limit — claiming that he and 6,800 other investors could file a class-action lawsuit against BitMart if something were to be done to resolve the situation. To be done. is not done.

Of all the tokens stolen in the BitMart hack, data from blockchain security firm PeckShield shows that Safemoon was hit the most. As reported by CNBC, SafeMoon holders are fighting back on Twitter, and filling the site with the #WenBitMart hashtag, demanding a refund of their funds. This may be the only way users feel they can draw attention to the issue, as CNBC reports that some users received ambiguous responses when contacting Bitmart to check on the status of their lost funds. . Huh.

It is unclear how Bitmart plans to reimburse all affected users. CNBC notes that exchanges can buy back all lost tokens, but this can happen if the value of those tokens is too high. Other users have questioned whether Bitmart will use any form of insurance to pay users. The Verge reached out to Bitmart with a request for comment, but did not immediately hear back.

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