Bitmart, the fastest-growing cryptocurrency exchange has been hit by hackers again. Although this news is terrible for investors in crypto, it means that many cryptocurrencies are now missing their assets. But, there are other options, such as Bitrise coin which has managed to keep the hackers away.
According to Bitmart’s CEO, the ‘Security Breach”, or what the crypto community is now calling “Bitmart Hacker,” has lost $196 million in various cryptocurrencies. According to Peckshield, there are $100 million worth of cryptocurrencies on the Chain and $96 on Binance Smart Chain.
Evergrow and Floki are among the cryptocurrencies that lost coins due to Bitmart hacking. Peckshield’s official Twitter (NYSE) account indicated that Safemoon had lost the largest amount of money.
This is good news, however, for Bitrise’s investors as well as others who were able to keep hackers away. Bitrise was one of the crypto coins listed on Bitmart just a few weeks back and it has proved its security integrity throughout this hacking. This is one of the crypto coins hackers managed to steal.
Bitrise is regarded as one the most secure cryptocurrency. This hacking proves it. Bitrise is proud that not one crypto coin has been stolen. Bitrise protocol is built with incredible security features that make it difficult for hackers to access investors’ coins.
Bitrise coin secures investors’ assets using private keys, mnemonic phrases, password authentication, and more. This makes it impossible for hackers to access investors’ assets. The levels of security put in place are too difficult for hackers to access and steal investors’ assets.
As the Bitrise team has been saying, they are building a platform that addresses, among other problems, the security of the digital assets to protect their investors’ investment. It is important to mention that the Bitrise dApp has been rated the safest crypto wallet available today. Users have sole control over their keys with the non-custodial wallet.
The ‘Bitmart Hacker’ will be one of the most discussed topics in the coming days. The fact that the exchange is using the Poof-of-Stake consensus mechanism and hacking was successfully carried out is really something worth crypto experts’ analysis.
PoS is said to be the solution to the security issues on the PoW protocols, and so ‘Bitmart Hacker’ will bring back the discussion on the security integrity of this consensus method. The discussion will include how it could be improved and made more secure to avoid future hackers.
The Bitmart team will conduct a thorough audit of each cryptocurrency to inform crypto investors. These teams are expected to provide an explanation soon.
Crypto investors should also take the opportunity to look into cryptocurrencies like Bitrise that have been able to stop hackers. This is a smart investment that guarantees investors security. More news regarding ‘Bitmart Hacker’ will be coming out soon.
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