• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Shiba Inu (SHIB) and Huobi communities are prepared to assistance BitMart to conquer the $ 200 million hack

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

After just about $ 200 million hacking on the BitMart exchange, the Shiba Inu (SHIB) and Huobi communities worked with each other for BitMart to improve safety and track the movement of stolen assets.

Shiba Inu (SHIB) and Huobi communities are ready to support BitMart to overcome the $ 200 million hack
Shiba Inu (SHIB) and Huobi communities are prepared to assistance BitMart to conquer the $ 200 million hack

On December five, cryptocurrency exchange BitMart fell victim to an assault, with losses of up to $ 200 million, on two well-liked blockchains, Ethereum (ETH) and Binance Smart Chain (BSC). . The hackers had been ready to steal all around $ one hundred million by way of the Ether network and in excess of $ 96 million by way of BSC.

Related articles

Shiba Inu burning rate increased by 499,416%, will SHIB increase by $0.1?

Shiba Inu burning price enhanced by 499,416%, will SHIB improve by $.one?

November 28, 2023
Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023

Shortly soon after BitMart CEO Sheldon Xia confirmed the hack, Huobi announced that it would enable BitMart track the movement of assets on its exchange and carry back the information with the stolen money.

Huobi will attempt our very best to aid #BitMart in managing this issue. In the occasion of an influx of associated sources, we will report and supply support in a timely method.

– Huobi (@HuobiWorldwide) December 5, 2021

“Huobi will do its best to assist BitMart in handling this matter. If there are associated resource flows, we will report and assist promptly ”.

Subsequently, the Shiba Inu local community also confirmed that it would enable BitMart, citing their present efforts in examining likely safety threats to ShibaSwap, a DEX exchange constructed by SHIB, which surpassed $ one billion in complete blocked worth (TVL ) only 24 hrs soon after its launch.

Dear #ShibArmy,

Although the emphasis of our venture is decentralization, we want to demonstrate our assistance and give some appreciate to our mates from @BitMartExchange, who are presently doing work tricky to resolve the safety incident that took area yesterday. pic.twitter.com/CJZjQHaP59

– Shib (@Shibtoken) December 5, 2021

“Although the core of our project is decentralized, we want to show our support and love to our BitMart friends who are working hard to fix the problem. The security incident happened yesterday.”

Xia also explained the exchange will compensate interested traders with their personal money. The hack forced BitMart to temporarily quit all withdrawals and deposits. However, Xia is assured that BitMart will resume supplying providers on December 7th.

“We are also talking to multiple project teams to confirm more cost-effective solutions such as token swaps.”

Synthetic Currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BitMartcommunitiesHackHuobiInumillionovercomereadySHIBShibasupport
Share76Tweet47

Related Posts

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7