Bitmart Exchange is a global digital assets trading platform with over 5.5 million users worldwide, the organization’s website indicates. The exchange is based in the Cayman Islands, and also has offices located in New York, China, Hong Kong, and Seoul, according to CoinMarketCap. The exchange launched in March 2018, CoinMarketCap also indicated.

Meanwhile, PeckShield estimates the hackers actually stole closer to $200 million. PeckShield is a third-party  blockchain security and data analytics company. PeckShield was founded in 2018 by former Qihoo 360 Chief Scientist Xuxian Jiang, and major investors include Gaorong Capital. Team members are based in Hangzhou, Beijing, and San Francisco. MSSP Alert had not previously heard of the company.

CNBC, the financial news website, reached out to Bitmart to determine  whether customer funds had specifically been targeted in the breach, and if so, whether users would be reimbursed. CNBC has not yet heard back as of 5:56 p.m. ET on Sunday, December 5, 2021.

Bitmart Exchange Hack: Are MSSPs Assisting the Investigation, Recovery?

MSSP Alert has reached out to Bitmart to determine if the company has hired third-party cyber forensics firms of managed security services providers to investigate the attack. We may potentially update this article if/when we receive a reply.