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Victims of $200 million hack of BitMart crypto exchange still waiting to get their money back

Victims of $200 million hack of BitMart crypto exchange still waiting to get their money back
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Cryptocurrency exchange BitMart has promised full payment to victims of the platform-wide hack of $200 million, but some users still haven’t gotten their money back, according to a report from CNBC. Hackers stole a variety of tokens on December 4th after using a stolen privacy key to gain access to one of BitMart’s hot wallets, known as the Internet-connected crypto wallet.

Shortly after the incident, BitMart announced that it would use its own funding to “cover the incident and compensate the affected users.” But as CNBC Reports, there are still many frustrated users who haven’t seen their money back.

CNBCThe report details the “experience of an Iranian refugee who says he has stored $53,000 worth of SafeMoon on BitMart, $40,000 of which is from a loan. The outlet also contacted a Kansas-based investor who has $35,000 in limbo — claims he and 6,800 other investors may file a class action lawsuit.” against BitMart if nothing is done to resolve the situation.

Among all the tokens stolen in the BitMart hack, Data from blockchain security company, PeckShield, shows that SafeMoon has been the hardest hit. as pointed out CNBC, SafeMoon holders are fighting back on Twitter, and have been flooding the site with # Winpet Mart Hashtag to demand their money back. This may be the only way users feel that they can draw attention to the problem, such as CNBC Reports indicate that some users have been faced with ambiguous responses when contacting BitMart to check the status of their lost funds.

It remains unclear how BitMart plans to compensate all affected users. CNBC He notes that while the exchange can buy back all lost tokens, it may do so when those tokens are of much higher value. Other users are wondering if BitMart will use some form of insurance to pay users. the edge BitMart was reached for comment but there was no immediate response.

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