Crypto trading platform BitMart suffered a breach incident that cost it around $200 million.
The breach was mainly caused by a stolen private key that compromised its two hot wallets, Ethereum and Binance Smart Chain hot wallets.
The hackers used1inch and Tornado Cash to exchange the stolen coins for other cryptocurrencies and made it more difficult to be tracked.
Source: https://www.zdnet.com/article/bitmart-breach-losses-reach-200-million/
TPRM report: https://scoringcyber.rankiteo.com/company/bitmart
"id": "bit233213422",
"linkid": "bitmart",
"type": "Breach",
"date": "01/2022",
"severity": "100",
"impact": "6",
"explanation": "Attack threatening the economy of a geographical region"{'affected_entities': [{'industry': 'Cryptocurrency',
'name': 'BitMart',
'type': 'Crypto Trading Platform'}],
'attack_vector': 'Stolen Private Key',
'description': 'Crypto trading platform BitMart suffered a breach incident '
'that cost it around $200 million. The breach was mainly '
'caused by a stolen private key that compromised its two hot '
'wallets, Ethereum and Binance Smart Chain hot wallets. The '
'hackers used 1inch and Tornado Cash to exchange the stolen '
'coins for other cryptocurrencies and made it more difficult '
'to be tracked.',
'impact': {'financial_loss': '$200 million',
'systems_affected': ['Ethereum hot wallet',
'Binance Smart Chain hot wallet']},
'initial_access_broker': {'entry_point': 'Stolen Private Key',
'high_value_targets': ['Ethereum hot wallet',
'Binance Smart Chain hot '
'wallet']},
'motivation': 'Financial Gain',
'post_incident_analysis': {'root_causes': 'Stolen Private Key'},
'title': 'BitMart Crypto Breach',
'type': 'Cryptocurrency Theft',
'vulnerability_exploited': 'Stolen Private Key'}