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Security & Hacks · 1 min read

BitMart Founder Confirms Hack During Restructuring

On-chain analytics firm Bitquery traced roughly $391,000 in outflows linked to the exchange to an address tied to the Mercado Bitcoin exploit.

Editorial oversight: Julian Mercer, Chief Editor
Bearish

At a glance

What happened
BitMart's founder confirmed an exchange hack during a restructuring, with Bitquery tracing about $391,000 in outflows to an address linked to the Mercado Bitcoin attack.
Why it matters
The transfer of roughly $391,000 to an address tied to a prior exchange attack highlights linked attacker infrastructure across centralized platforms.
Who is affected
BitMart and affected wallet counterparties.
What's next
No next step announced.
Primary source
thedefiant.io: BitMart Founder Confirms Hack During Restructuring

Key points

  • BitMart's founder confirmed the cryptocurrency exchange suffered a security breach during an internal restructuring 1.
  • Blockchain analytics firm Bitquery traced roughly $391,000 in outflows largely originating from BitMart-linked wallets 1.
  • Bitquery identified that the stolen funds moved to an address previously utilized in an attack on Mercado Bitcoin 1.

BitMart's founder confirmed an exploit of the cryptocurrency exchange during an internal restructuring 1.

Blockchain analytics firm Bitquery traced approximately $391,000 in outflows primarily originating from BitMart-linked wallets 1. The funds moved to an address previously associated with an attack on Latin American exchange Mercado Bitcoin 1.

Tracing the Breach

The exploit follows heightened security scrutiny across centralized exchanges managing infrastructure adjustments and custodial transitions 1. Security analysts at Bitquery identified that the destination address for the BitMart funds overlapped directly with the infrastructure leveraged in the Mercado Bitcoin attack, connecting the incidents via shared on-chain routing 1.

Sources

  1. [1] BitMart Founder Confirms Hack During Restructuring — thedefiant.io, November 4, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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