BitMart founder confirms exchange was hacked.

BitMart founder Sheldon Xia confirmed on November 4 that the exchange was hacked on November 2, with the incident involving a relatively small amount of funds. Xia said the team has launched an investigation and tightened security measures, and preliminary findings suggest the same group behind the attack on Brazilian exchange Mercado Bitcoin may be responsible. He also noted that BitMart's security team is severely understaffed after a restructuring that left only a core group of staff. The disclosure matters as it points to a possible cross-exchange hacking campaign targeting multiple venues, while the thin security staffing raises questions about BitMart's operational resilience. What to watch next is whether the investigation confirms the link to the Mercado Bitcoin attackers and whether BitMart rebuilds its security capacity.