Hackers are now part of the crypto scene like outlaws are part of the Wild West. Unauthorized access to crypto wallets is now apparently one of the most lucrative illegal activities for many cyber criminals, which is why crypto market BitMart has now had to report a hacking incident with a considerable amount of damage. According to an official press release, two crypto exchange wallets were looted, which likely contained larger amounts of the Shiba Inu coin and a total of over 20 other cryptocurrencies. based on the Ethereum blockchain and the Binance SmartChain were stored.
The so-called “private key” of internet-connected crypto wallets, also known as “hot wallets”, was more or less easily compromised by hackers using an exploit, after which the valuable contents of the crypto wallets were transferred without any problem could become. As with most similar crypto hacks, BitMart’s chances of recovering the 893 billion Shiba Inu coins and the rest of the stolen crypto are extremely low as the masterminds behind it are difficult to identify. The company has therefore announced that it will replace the Crypto, which is in fact owned by its customers, from its own resources and in full.
Additionally, the security precautions of their own Ethereum and BSC crypto wallets are being verified, which is why full operation of the crypto exchange can only resume sometime on Tuesday. Either way, the hack of a bigger crypto market like BitMart shows once again that Shiba Inu Coin owners and all other crypto holders definitely need to secure their digital assets adequately. Hardware wallets for the Ethereum blockchain, for example, are suitable for this, which are available on Amazon from 59 euros and, unlike hot wallets, cannot be easily hacked remotely via the Internet.