marketcrash
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Bitmart
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
12/08/2021
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By Matthew Davis
Hackers steal $196 million from crypto trading platform Bitmart
Blockchain security and data analytics firm Peckshield on Saturday, Dec. 4, revealed that hackers have taken $196 million from crypto trading platform Bitmart. Bitmart confirmed the hack in an official statement, branding it “a large-scale security breach” and saying that hackers withdrew about $150 million in assets – which is less than the estimate of Peckshield. Following […]
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