BitMart founder confirms second exchange hack – Links to Mercado Bitcoin emerge
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BitMart founder Sheldon Xia confirmed a second security breach at the exchange, with on-chain analysts linking the incident to the hacker behind the Mercado Bitcoin exploit. The attacker has been dumping altcoins, converting millions of dollars in stolen tokens into ETH, and the two events appear connected through shared wallet infrastructure. The disclosure comes as altcoin markets face renewed selling pressure from the hacker's token liquidations. The incident raises fresh questions about BitMart's security posture following its earlier breach, and traders are watching whether the ETH transfers signal further selling or a consolidation of stolen funds.
Muhabbit's AI wrote this summary in its own words from AMBCrypto's report. It can get details wrong, so check the source.
Named in this story
BitMart, Mercado Bitcoin, Ethereum (ETH)
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