Overview

Click to expand overview
A Bitmart customer from Kansas has contacted 6800 safemoon token holders who are considering a class-action lawsuit against Bitmart. Safemoon tokens constituted a At UTC, just under 2 hours after BitMart noticed the hack and paused withdrawals, blockchain security and data analytics company PeckShield posts a tweet The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay. Of all the tokens stolen in the BitMart hack, data from blockchain security company, PeckShield, shows that SafeMoon was hit hardest. As pointed out by CNBC On Decem, BitMart announced that it had identified a large-scale security breach resulting from someone using a stolen private key to access two of its internet As per a CNBCinvestigation, a common complaint among the victims isBitmart’slackof communication.Every time someone attempts to get in touch with the exchange, they get a bot response informing them that the attorneys are “working on it”. BitMart CEO Sheldon Xia, on the other hand, is unreachable as his public Ver más When Did the Bitmart Hack Happen? Recently, on 4th December 2025, a third-party security firm, named Peckshield, noticed a breach in the BitMart security of around $200m. They observed

Was SafeMoon Targeted in the $200 Million BitMart Hack of December 2021?

The BitMart hack of December 2021, a significant security breach involving approximately $200 million in losses, sent shockwaves through the cryptocurrency community. A key question that emerged in the aftermath was: Was SafeMoon specifically targeted in the attack?

According to a CNBC investigation and data from blockchain security company PeckShield, SafeMoon was indeed one of the hardest-hit tokens. The hackers made away with a mix of over 20 tokens, including altcoins such as BNB, SafeMoon, BSC-USD, and BPay.

PeckShield posted a tweet at UTC, just under 2 hours after BitMart noticed the hack and paused withdrawals. They observed a breach in BitMart security worth around $200 million. The hackers utilized a stolen private key to access two of BitMart\'s internet-connected ("hot") wallets, as BitMart announced on December 4th.

The Impact on SafeMoon Holders

The BitMart hack significantly impacted SafeMoon holders. The value of SafeMoon, along with other affected tokens, plummeted immediately following the breach. While the exact amount of SafeMoon stolen hasn\'t been definitively stated, the fact that it was "hit hardest" underscores the significant losses incurred by holders.

BitMart\'s Response and Customer Frustration

One of the biggest issues arising from the hack, as per a CNBC investigation, is BitMart\'s lack of communication. Every time someone attempts to get in touch with the exchange, they get a bot response informing them that the attorneys are “working on it”. BitMart CEO Sheldon Xia, on the other hand, is unreachable. This has fueled frustration and distrust among affected users.

Potential Class-Action Lawsuit

The frustration with BitMart\'s handling of the situation has led to legal action. A Bitmart customer from Kansas has contacted 6800 safemoon token holders who are considering a class-action lawsuit against BitMart. SafeMoon tokens constituted a significant portion of the stolen assets, further emphasizing the token\'s central role in the fallout.

Conclusion

While the precise motivation behind targeting specific tokens in the BitMart hack remains unclear, data suggests that SafeMoon was a major target and suffered significant losses. The lack of communication from BitMart and the potential class-action lawsuit highlight the ongoing repercussions of this significant security breach for SafeMoon holders and the broader cryptocurrency community.

When Did the Bitmart Hack Happen? Recently, on 4th December 2021, a third-party security firm, named Peckshield, noticed the breach.

Top Sources

Related Articles