Victims of $200 million hack of BitMart crypto exchange still waiting to get their money back

The image is by Alex Castro.

BitMart promised a full reimbursement to the victims of the platform-wide $200 million hack, but some users still haven't gotten their money back, according to a report from CNBC. The thieves stole a variety of coins from the BitMart hot wallet on December 4th after using a stolen privacy key to gain access.

BitMart said it would use its own funding to cover the incident and compensate users. Several frustrated users are still waiting for their funds to be returned.

An Iranian refugee who was granted refugee status in the US says he stored $53,000 worth of SafeMoon on BitMart, $40,000 of which is from a loan, according to a report by CNBC. A Kansas investor who has $35,000 in limbo is in touch with the outlet, and he claims that he and 6,800 other investors may file a class-action lawsuit against BitMart if nothing is done to resolve the situation.

SafeMoon was hit the hardest by the BitMart hack, according to data from a security company. SafeMoon holders are fighting back on social media, and have been flooding the site with the #WenBitMart # to demand the return of their funds. CNBC reports that some users are met with vague responses when contacting BitMart to check on the status of their lost funds, as this may be the only way users feel they can call attention to the issue.

BitMart plans on reimbursing all affected users, but it's not clear how. The exchange could buy back all of the lost token, but it may be doing so when the token is worth more. Some users are wondering if BitMart will be using insurance to pay back users. The Verge reached out to BitMart but didn't hear back.