Iranian immigrant lost $53,000 in crypto hack, says he faces ruin if BitMart doesn't pay him back

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Victims of the $200 million BitMart hack say that five weeks have passed since the crypto exchange vowed to return their money.

In early December, BitMart wrote in an official statement that it would use its own money to reimburse victims of the large-scale security breach, which the exchange blamed on a stolen private key.Sarayut Thaneerat | Moment | Getty Images

"Whether it's $20, $500, $10,000, it doesn't matter, just communicate back to us, and let us know," said DeLong. One BitMart user, who said he felt his tokens were "being held hostage," sent CNBC a screenshot of his exchange with the admin who runs BitMart's Telegram account. When he asked Thursday evening whether there was any further guidance on when he would be receiving his safemoon tokens back, the reply read, "We'll announce when there's an update."

Another BitMart user tells CNBC that it is not just his money at stake. His mother and mother-in-law pooled together $30,000 and asked him to invest the cash in BitMart on their behalf. One Kansas-based crypto investor, who has around $35,000 stuck in BitMart, told CNBC he wasn't terribly worried until recently.

 

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