BitMart, which had suffered a $ 200 million loss due to a hacking attack the day before, will reimburse users with its own funds. The company's founder and CEO, Sheldon Sia, revealed this on Twitter (NYSE: TWTR).

"BitMart will use its own funds to resolve the incident's consequences and reimburse affected users," Sia said.

He also added that all of the assets of the crypto exchange users are now protected. On December 7th, BitMart will begin attempts to restore deposit and withdrawal functions.

The BitMart cryptocurrency exchange claimed last weekend that it had been hacked, resulting in the loss of around $200 million in bitcoins.

Sheldon Xia, the exchange's founder and CEO, confirmed the weakness and stated that it was linked to the popular wallets Ethereum (ETH) and Binance Smart Chain (BSC).

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