{"id":377034,"date":"2021-12-06T11:10:53","date_gmt":"2021-12-06T08:10:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/huobi-and-shiba-inu-community-to-help-bitmart-overcome-200m-hack\/"},"modified":"2021-12-06T11:10:53","modified_gmt":"2021-12-06T08:10:53","slug":"huobi-and-shiba-inu-community-to-help-bitmart-overcome-200m-hack","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/huobi-and-shiba-inu-community-to-help-bitmart-overcome-200m-hack\/","title":{"rendered":"# Huobi and Shiba Inu community to help BitMart overcome $200M hack"},"content":{"rendered":"<p>&#8220;<strong># Huobi and Shiba Inu community to help BitMart overcome $200M hack <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYWY5OGJkOTQtMDhjNC00YzA0LWExNDEtNGRhYWE0MTYyZjAxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets.<\/p>\n<p>On Dec. 5, crypto exchange BitMart became victim to a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. As a result, the hackers were able to steal over $196 million, roughly $100 million over the Ethernet network and around $96 million over the BSC blockchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/3 We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately USD 150 millions.<\/p>\n<p>\u2014 Sheldon Xia (@sheldonbitmart) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sheldonbitmart\/status\/1467316252855226368?ref_src=twsrc%5Etfw\">December 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nSoon after BitMart CEO Sheldon Xia confirmed the hack, Huobi announced it would help BitMart track the inflow of assets on its exchange and report matches to the stolen funds.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Huobi will do our best to assist <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BitMart?src=hash&amp;ref_src=twsrc%5Etfw\">#BitMart<\/a> in handling this issue. If there are any inflows of related assets, we will report and assist in a timely manner.<\/p>\n<p>\u2014 Huobi (@HuobiGlobal) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HuobiGlobal\/status\/1467375467913121801?ref_src=twsrc%5Etfw\">December 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following suit, the Shiba Inu community also confirmed it would help the hacked crypto exchange, citing their already existing efforts in reviewing potential security threats for ShibaSwap, a community-built decentralized exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dear <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ShibArmy?src=hash&amp;ref_src=twsrc%5Etfw\">#ShibArmy<\/a>,<\/p>\n<p>Even though the core of our project is decentralization, we want to show our support and give some love to our friends at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitMartExchange?ref_src=twsrc%5Etfw\">@BitMartExchange<\/a>, who are already working hard to fix the security incident that happened yesterday. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CJZjQHaP59\">pic.twitter.com\/CJZjQHaP59<\/a><\/p>\n<p>\u2014 Shib (@Shibtoken) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Shibtoken\/status\/1467622004463259651?ref_src=twsrc%5Etfw\">December 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Xia also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sheldonbitmart\/status\/1467722582845702149\">said<\/a> the exchange would compensate affected investors with its own funds. \u201cWe are also talking to multiple project teams to confirm the most reasonable solutions such as token swaps. No user assets will be harmed,\u201d he added.<\/p>\n<p>The hack forced the exchange to temporarily stop all withdrawals and deposits. However, Xia is confident BitMart will resume services by Dec. 7.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Synapse Bridge prevents $8M hack<\/em><\/strong><\/p>\n<p>Cross-chain protocol Synapse Bridge recently averted a multi-million dollar exploit on the Avalanche Neutral Dollar (nUSD) Metapool. <\/p>\n<p>As Cointelegraph reported, Synapse Bridge prevented a hacker from stealing approximately $8 million worth of cryptocurrencies:<\/p>\n<blockquote><p>\u201cOver the past 16 hours, we encountered and discovered a contract bug in the way that the AMM Metapool contracts handle virtual price calculations against the base pool&#8217;s virtual price.\u201d<\/p><\/blockquote>\n<p>While the threat was averted, Synapse Bridge soon deployed new nUSD pools as a means to further strengthen its security against similar attacks.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/huobi-and-shiba-inu-community-to-help-bitmart-overcome-200m-hack\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Huobi and Shiba Inu community to help BitMart overcome $200M hack &#8221; Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":377035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYWY5OGJkOTQtMDhjNC00YzA0LWExNDEtNGRhYWE0MTYyZjAxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74860,107431,86883,74882,75591,70944,73157,73711],"class_list":["post-377034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-cryptocurrency-investment","tag-dogecoin","tag-hacks","tag-huobi","tag-hackers","tag-investigation","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/377034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=377034"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/377034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/377035"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=377034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=377034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=377034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}