BitMart Crypto Hack Victims Waiting for Their $200 Million

BitMart Crypto Hack Victims Waiting for Their $200 Million

As per the CNBC report, crypto exchange BitMart offered a complete refund of $200 million theft from victims. Unfortunately, some customers have yet to get their funds. On 4th December, hackers used a private key which was for access towards hot wallets of BitMart, or crypto wallets that are linked to the internet, and made off with a variety of tokens.

BitMart declared shortly after the occurrence that funds covering the problem and pay impacted users. As per CNBC, a number of disgruntled individuals have yet to receive their money back.

A story by CNBC mentions that an exile from Iran said he held around $53,000 of SafeMoon at the BitMart, with $40,000 coming from a loan. The publication connected with the investor from Kansas-based who has a $35,000 stay and alleges that if no action is taken, he, along with 6,800 of total investors, will go-ahead to launch lawsuit action against the firm.

SafeMoon faced huge damage due to tokens taken in the BitMart attack, according to statistics from Blockchain security firm PeckShield. CNBC mentioned that SafeMoon users on Twitter, using the #WenBitMart hashtags to demand their money back. According to more optimistic, SafeMoon price predictions, the toke could reach $0.0000028. 

Presently, it is quite unclear if BitMart is planning to reimburse users affected. Reports say that the exchange buybacks of every token get lost and happen when the value of the token carries a high value. Many users are also questioning about BitMart’s strategy toward forming insurance for paying back all its users.

BitMart mentioned that the firm is communicating with teams from multiple projects confirming solutions like the token swaps. It has guaranteed no asset of users will get harmed. They are working hard toward security and complete operation. There is a requirement of time and having the right arrangement, and it wants users to have patience until things are settled.