In the early hours of today, Bitmart, the world’s most reliable crypto exchange point, took a new turn when it announced on social media that it’s considering going back to reactivate the popular Floki Inu (FLOKI) for exchange on their platform as from today.
The detailed information given as regards the turn of event means that characteristics for Floki Inu (FLOKI) will surface again to all crypto investors and traders as on December 15, 2021 (today) at 9:00am (Eastern Time), while the feature for the withdrawal will also be reactivated tomorrow, December 16, 2021 at 9:00am (Eastern Time).
It is very important to note that this latest update by BitMart is coming on the heels of a security glitch that shook the crypto exchanging point to foundation. However, it has not given any report on the causes and effects so far of the security breach on its operations. That is, its reversal to commence using Floki Inu is the only response gotten so far from BitMart.
The Prior Experience of the BitMart And Floki Inu Relationship
With the news of Floki Inu, the global digital economy remembers that the trading and withdrawal characteristics were initially suspended by Bitmart for all ERC-20 and BEP-20 digital assets barely four days into December.
The suspension was announced to take effect until further notice and this was also as a reaction to a macro security breach that struck the crypto trading platform.
Based on the facts and figures pulled through an initial investigation by the exchange, a whopping sum of $200 million in digital assets disappeared with no trace and this has been largely attributed to actions of an individual with malicious intent after he conspicuously infiltrate both the BSC and Ethereum wallet.
BitMart Starts To Recover From The Shabbles and Effects Of The Breach
From December 7, the crypto trading platform seems to be recuperating its operations and services immediately upon the restoration of trading, deposit, and withdrawal features for Ethereum.
Also, some other ERC-20 digital assets and leading cryptocurrencies were brought back up and running.
The next day, December 8, BitMart held everyone by surprise as it seems intentional proving that it is readily available for the full restoration of its platform when it reactivated both deposit and withdrawal characteristics for BEP-20 digital assets, though it was partial.
Furthermore, huge deposits and withdrawals for the most volatile and heavily invested cryptocurrencies were also reactivated on the exchanging platform.
BitMart Acing Its Operations To The Peak
Sequel to the breach, BitMart has shown that it is capable of hitting its targeted peak despite the hurdles brought by the breach. It has started some innovative and high end-to-end security to make sure that there is no repetition of such breach on its customers as well as their assets.
Even though the investigation into the breach continues and new security measures are being executed and adopted, BitMart is still acing its path to ensure every possible option for supporting its customers is considered and looked into.