What happened at bitmart?

Consumer-protection agency sought details on Dec. 2021 hack The Federal Trade Commission is investigating the operators of the BitMart cryptocurrency exchange over a December 2021 hack that led to consumer losses between $150 million and $200 million -- marking the agency’s first known probe into crypto markets.

Did hackers steal $150 million from bitmart?

New York (CNN Business) Hackers stole at least $150 million from crypto exchange Bitmart, the platform said Monday. In a statement addressed to users, Bitmart said an initial security check has been completed and impacted assets identified.

Why did the FTC deny bitmart a probe?

Bloomberg reported Wednesday that the investigation marks the first time time the enforcer of federal consumer protection laws has initiated a probe into the crypto market. As per the FTC order, the agency denied the request by BitMart operators', Bachi.Tech Corporation and Spread Technologies, to quash or limit it investigation.

Is bitmart safe and secure?

All Bitmart assets not held in these wallets are secure, according to the company. Bitmart will use its own funding to cover losses and compensate impacted users. Crypto exchange Huobi Global came out in support of the company as it race to mitigate the hack.