About $391,000 in suspected transfers from BitMart-related wallets across three blockchains reached a wallet linked to the Mercado Bitcoin attack. BitMart founder Sheldon Xia said Wednesday that the exchange’s security team is severely understaffed.
The receiving wallet was also connected to the Mercado Bitcoin attack, involving a Brazilian trading platform.
Xia said threats against employees and suspected retaliation by former employees have made it harder to retain technical staff. He said BitMart’s security team continues working to protect company data and assets.
The findings describe two parts of exchange security: BitMart’s effort to keep technical staff and the movement of funds from wallets associated with the company. The destination wallet’s link to an attack involving Mercado Bitcoin connects that flow to a second platform’s security incident. Xia’s remarks concern staffing and protection of BitMart’s data and assets.
Simon Yoon
Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to [email protected].
