According to The Cryptonomist, a security breach at BitMart occurred on November 2, 2026. Founder Sheldon Xia indicated the amount involved was relatively small. Preliminary findings suggest a possible connection to the Mercado Bitcoin hack.
The exchange was already facing suspended trading, unresolved customer withdrawal requests, and a severely understaffed security team at the time of the breach. BitMart’s investigation identified these existing conditions as relevant context for understanding the incident.
Bitquery traced related activity, though no further details on tracing scope or outcomes were provided in the source material.
