BitMart Exchange Suffers $150 Million Loss In Hack – December 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $49,034

Bitcoin price took a significant tumble over the weekend, beginning this week at around the $49,000 mark.

Top-20 altcoins also had a rough weekend of price action, but have stabilized over the last 24 hours as Ethereum remains unchanged, Cardano falls 1% and Avalanche bounces back 5%.

Top Stories for December 6, 2021 πŸ”₯

πŸ‘‰ BitMart Exchange Suffers $150 Million Loss In Hack

Cryptocurrency exchange BitMart has confirmed a hack of its platform, which resulted in the loss of $150 million in user funds.

According to the exchange founder and CEO, Sheldon Xia, the hack affected one of BitMart’s Ether (ETH) hot wallets, as well as one of their Binance Smart Chain hot wallets.

The attack was first pointed out by crypto security firm PeckShield, who took note of a large number of outbound transfers from the wallets.

πŸ‘‰ CME Group Launches Smaller-Sized “Micro” ETH Futures

Chicago Mercantile Exchange (CME) Group has launched micro Ether (ETH) futures – an Ether futures product with smaller contracts, which will complement their regular futures offering.

The futures contracts will have a size of 0.1 ETH, which is worth roughly around $400 per contract at current market prices. The micro futures will be cash-settled and trade under the ticker METZ1.

πŸ‘‰ Former Lyft Executive Joins NFT Marketplace OpenSea As CFO

Former Lyft chief financial officer (CFO) Brian Roberts is set to join NFT marketplace OpenSea, also in the CFO position.

Roberts acknowledged that the growth in web3 companies made the decision an easy one, stating that he was highly excited about being a part of the sector.