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BitMart hacked again, losing $391K amid restructuring and understaffed security team

Market News
04 Nov 2026, 19:13 WIB
CryptoTicker
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Bearish
BitMart hacked again, losing $391K amid restructuring and understaffed security team

BitMart suffered a second hack on November 2, 2026, losing about $391,000 mainly through Ethereum layer-2 networks. This loss is small compared to the $319.5 million shortfall from a 2021 hack but highlights ongoing security weaknesses during BitMart's restructuring. The exchange is understaffed and preparing a revised creditor repayment plan due in November, with court approval expected by early 2027. Users should document their balances carefully as they now hold claims rather than free balances, and beware of phishing scams exploiting the situation.

The BitMart hack involved a loss of about $391,000, a notable figure amid ongoing security challenges. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 04, 2026 23:32 WIB: out of 50 major cryptocurrencies, 47 rose and 2 fell. Notable movers include LINK at Rp210.973 with a 1-day change of +4.80% and Pluang order activity of 27% Sell / 73% Buy, ADA at Rp3.605 with +4.52% change and 18% Sell / 82% Buy activity, and AVAX at Rp162.234 with +4.52% change and 38% Sell / 62% Buy activity.

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