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Hack history / 2019 / Hack or exploit

Bitmarket

Hack or exploit on Jul 8, 2019 · Insufficient liquidity

ONE SOURCE · 1 SOURCE
Lost
$28.1M
dollars at the time
Returned
none listed
as the sources state it
Rank
#161
among thefts by dollars lost

What happened

On July 8, the Polish-based exchange Bitmarket abruptly shut down due to liquidity issues. The shutdown allegedly cost users a total of 2300 bitcoin (approximately $23 million) according to Polish prosecutors. The exchange’s official site was replaced with the following message: “We regret to inform you that due to the loss of liquidity, from 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” Two weeks later, one of the exchange's co-owners was found shot dead

Details

Date
Jul 8, 2019
Kind
Hack or exploit
Method
Insufficient liquidity
How in
Other
Target
Centralized exchange
Chains
not stated

Reported by

Cite this pageSwanBluechip, "Bitmarket hack, Jul 8, 2019: $28.1M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htf630069981/ (data as of 2026-11-01).
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