When choosing a platform to invest in cryptocurrency, it’s important to consider how secure the platform is. If the platform isn’t secure, it could mean losing your investments. On Saturday, crypto trading platform BitMart said hackers stole $196 million from them.
BitMart described the hack as “a large-scale security breach” in which hackers removed around $150 million in assets. But according to Peck Shield, a blockchain security firm, the damage is closer to $200 million. Have you ever fallen victim to a cryptocurrency hack or scam?
Binance coin, SafeMoon, and Shiba Inu were among the over 20 tokens stolen by the hackers. All withdrawals have been temporarily halted until further notice, according to BitMart, who also stated that a full security examination is ongoing. It is still unknown how the hackers pulled off the heist.
This is the latest in a string of recent data breaches, emphasizing the importance of investing on a secure crypto platform.
In August, a hacker stole over $600 million in coins from the cryptocurrency network Poly Network. Surprisingly, the assailant later returned almost all the money. And last week, the crypto lender Celsius Network acknowledged losing money due to the $120 million hack of the decentralized financial platform BadgerDAO.
With all the crypto heists occurring, choosing a secure platform like Invstr is more important than ever!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.