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Blik," who also asked not to use his real name, tells CNBC the timing couldn't have been worse. "After I put it in, the freaking hack happened, so I was going crazy, because I didn't have anything to give them," he said. His mother and mother-in-law pooled together $30,000 and asked him to invest the cash in BitMart on their behalf. "I don't have any savings."Īnother BitMart user tells CNBC that it is not just his money at stake. "I just was thinking I can grow my money, then I can go to school to learn English and go to college," Mohamad shared with CNBC. He began to invest in cryptocurrencies to try to carve out a future for himself in Canada. He gets $20 per job, but he has to pay for his own diesel fuel. He says he has to work long hours because his employer pays him a per-job commission rather than an hourly wage.
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until 10 P.M., seven days a week, he works as a tow truck driver for a road side assistance company.
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The 38-year-old tells CNBC that from 7 A.M. The Iranian refugee has $53,000 worth of the safemoon token stored on his BitMart wallet, $40,000 of which came from a loan that he has to pay back with 4% interest. Toronto-based Mohamad, who asked that CNBC just refer to him by his first name, said he feels close to committing suicide because of his experience with BitMart. When he asked Thursday evening whether there was any further guidance on when he would be receiving his safemoon tokens back, the reply read, "We'll announce when there's an update." One BitMart user, who said he felt his tokens were "being held hostage," sent CNBC a screenshot of his exchange with the admin who runs BitMart's Telegram account. The shared feeling was that bad news was better than no news. One common theme across many of these conversations was a desire for transparency.
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CNBC talked to more than a dozen BitMart users personally affected by the breach.