that Bitmart lost around $100 million in various cryptocurrencies on the ethereum blockchain and another $96 million from coins on the binance smart chain. The hackers made off with a mix of more than 20 tokens, including binance coin, safemoon, and shiba inu.
After transferring the funds out of Bitmart, hackers apparently used the decentralized exchange aggregator known as "1inch" to exchange the stolen tokens for. From there, the ether coins were deposited into a privacy mixer known as Tornado Cash, which makes the money harder to trace. So even though the blockchain is public, there are still ways to make it difficult for investigators to trace transactions to their ultimate destination.offers a mix of spot transactions, leveraged futures trading, as well as lending and staking services. Its trading volume, however, has gone down by "a lot" since the hack, according to CoinGecko CEO Bobby Ong. Ong's platform reports volumes provided to them by individual exchanges.
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