Crypto exchange BitMart was hacked on Monday, with $391,000 stolen according to blockchain data firm Bitquery. Founder Sheldon Xia said the company’s restructuring left its security team severely understaffed, while threats from disgruntled users and an ongoing dispute with former employees made it difficult to retain key technical staff. BitMart had initially planned to shut down by January 2027 before cancelling the closure in favor of a restructuring plan and a court-sanctioned process offering exit options to users with funds locked on the platform. The article also details attacks on Mercado Bitcoin, Binance and French bank Crédit Mutuel Arkea, which reportedly lost more than $133 million.
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