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BitMart Founder Warns of Understaffed Security Team Amid Hack

BitMart's founder, Sheldon Xia, warned of an understaffed security team following restructuring amid a new hack. Xia confirmed threats against employees and retaliation by former staff, leading to difficulties in retaining technical personnel. The exchange identified approximately $391,000 in suspicious transfers from wallets associated with BitMart, potentially linked to the Mercado Bitcoin hack.

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