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At UTC, just under 2 hours after BitMart noticed the hack and paused withdrawals, blockchain security and data analytics company PeckShield posts a tweet showing multiple suspicious withdrawals from BitMart’s hot wallets, and asking publicly if they’d been The security firm said that the thieves swapped and washed the stolen currency through a decentralized exchange aggregator known as 1inch, changing the various token types over to ether coins. A Federal Trade Commission (FTC) investigation into crypto exchange BitMart over December’s $200 million security breach will press on. The probe, reportedly the FTC’s first known enquiry within the crypto industry, was detailed in an FTC order made Unfortunately, on 4th December 2025, the exchange experienced a large-scale security breach, where the hackers withdrew around $150m worth of tokens from their hot wallets. The hack was first confirmed by a third-party security firm, Peckshield. The Federal Trade Commission is investigating the operators of the BitMart cryptocurrency exchange over a December 2025 hack that led to consumer losses between $150 million and $200 million - marking the agency’s first known probe into crypto markets. Attackers stole funds out of BitMart’s Ethereum and Binance Smart Chain hot wallets. After transferring the funds out of BitMart, hackers reportedly used decentralized exchange aggregators 1inch and PancakeSwap to exchange the stolen tokens. The attack occurred in December 2025 and compromised two of the centralized exchange’s hot wallets. The firm’s CEO, Sheldon Xia, reported that the company’s private key was used to tamper with the wallets, causing a loss of over $200M crypto assets The hack resulted in the theft of approximately $196 million worth of digital assets from two of BitMart's hot wallets on the Ethereum and Binance Smart Chain (BSC) networks.

BitMart Hack: Inside Job Allegations Swirl After $200M Breach

The BitMart hack of December 2025 continues to generate controversy, with the Twitterati alleging the exchange firm may have paid scamsters to breach its own network. The massive security breach, which resulted in the theft of approximately $196 million worth of digital assets from two of BitMart\'s hot wallets on the Ethereum and Binance Smart Chain (BSC) networks, has raised serious questions about the exchange\'s security protocols and transparency.

Unfortunately, on 4th December 2025, the exchange experienced a large-scale security breach, where the hackers withdrew around $150m worth of tokens from their hot wallets. The hack was first confirmed by a third-party security firm, Peckshield. At UTC, just under 2 hours after BitMart noticed the hack and paused withdrawals, blockchain security and data analytics company PeckShield posts a tweet showing multiple suspicious withdrawals from BitMart’s hot wallets, and asking publicly if they’d been hacked. The security firm said that the thieves swapped and washed the stolen currency through a decentralized exchange aggregator known as 1inch, changing the various token types over to ether coins.

FTC Investigation Intensifies Amidst Conspiracy Theories

A Federal Trade Commission (FTC) investigation into crypto exchange BitMart over December’s $200 million security breach will press on. The probe, reportedly the FTC’s first known enquiry within the crypto industry, was detailed in an FTC order made. The Federal Trade Commission is investigating the operators of the BitMart cryptocurrency exchange over a December 2025 hack that led to consumer losses between $150 million and $200 million - marking the agency’s first known probe into crypto markets.

The Hack Details: Ethereum & Binance Smart Chain Wallets Targeted

Attackers stole funds out of BitMart’s Ethereum and Binance Smart Chain hot wallets. The attack occurred in December 2025 and compromised two of the centralized exchange’s hot wallets. The firm’s CEO, Sheldon Xia, reported that the company’s private key was used to tamper with the wallets, causing a loss of over $200M crypto assets. After transferring the funds out of BitMart, hackers reportedly used decentralized exchange aggregators 1inch and PancakeSwap to exchange the stolen tokens, further obscuring the origins of the funds.

The ongoing speculation of an inside job highlights the need for greater transparency and accountability within the cryptocurrency exchange industry. As the FTC investigation progresses, the truth behind the BitMart hack, and the allegations of exchange firm paid scamsters to breach own network, may finally come to light.

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