BitMart reports minor hack as wind-down and restructuring drag on

Founder Sheldon Xia confirmed the breach on X, with on-chain analysis reportedly tying it to the larger Mercado Bitcoin attack BitMart stopped trading in August. Apparently, the hackers didn’t get the memo. The Cayman Islands-based exchange has reported a minor hacking incident that took place on November 2, 2026. Founder Sheldon Xia confirmed the breach in a post on X the following day, describing it as a small-scale incident involving a limited amount of stolen funds. The timing matters.