BitMart hacked mid-restructuring: $391,000 drained, revised creditor plan due in November

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.BitMart has confirmed a second hack, with around $391,000 drained across three layer-2 networks according to Bitquery. This guide puts the incident in context, explains the three options in the restructuring plan and shows how to document your claim.Add as a preferred source on GoogleFollow on Google NewsBitMart has been hacked a second time. On November 2, 2026, around $391,000 flowed out of wallets mostly attributed to the exchange, according to an analysis by the data service Bitquery. Founder Sheldon Xia confirmed the attack on X the following day and described the amount as small. As things stand, the incident does little to change the scale of your frozen BitMart balance, but it does change the situation: the exchange is in the middle of a restructuring, its security team is, in Xia's own words, badly understaffed, and the revised plan for creditors is due later in November. Anyone who still has crypto or stablecoins on BitMart now effectively holds a claim against the exc...