BitMart, a crypto exchange in the Cayman Islands, suffered a $391,000 hack on November 2, 2026, during its court-supervised restructuring and after halting trading in August. The stolen funds came from wallets on Ethereum layer-2 networks Base, Arbitrum, and Optimism. Founder Sheldon Xia confirmed the breach and noted understaffed security amid restructuring. On-chain analysis suggests this hack is connected to a larger $48.6 million attack on Mercado Bitcoin, occurring shortly after BitMart's wallets were targeted. The incident raises concerns about security vulnerabilities in exchanges, especially those handling layer-2 networks, and could impact BitMart's repayment plan to creditors amid an already significant shortfall from a 2021 hack.
BitMart's recent $391,000 hack is noted here as context for readers. For those following the broader crypto market, Pluang's snapshot as of Nov 04, 2026 11:21 WIB shows that out of 50 major cryptocurrencies, 24 rose and 25 fell today. Chainlink (LINK) traded at Rp197.002 with a 1-day change of -2.18% and a Pluang order activity of 27% Sell / 73% Buy, Fantom (FTM) was at Rp11.382, down 2.05%, and Neo (NEO) at Rp34.714, down 1.82%, with typical hold times ranging from 64 to 97 days on Pluang.
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