A visual representation of the digital cryptocurrency, Bitcoin, on Dec. 07, te London. (Credit: Dan Kitwood/Getty Pics)
Top Bitcoin Exchange Bithumb Reports More Than $30 Million te Cryptocurrencies Stolen
A visual representation of the digital cryptocurrency, Bitcoin, on Dec. 07, ter London. (Credit: Dan Kitwood/Getty Pictures)
One of the world’s largest bitcoin exchanges on Wednesday said that more than $30 million worth of cryptocurrencies have bot stolen from it.
Bithumb, an exchange based te South Korea, said te a notice on its webstek that all customer deposits and withdrawals have bot suspended while it reviews the situation.
The notice didn’t say how the theft of 35 billion won ($32 million) worth of cryptocurrencies occurred or which ones were taken.
The exchange said it will compensate the loss from its own funds and that all customers’ assets have bot “securely saved” te the company’s “cold wallet.”
Bithumb apologized for the disruption and said it will announce further information te due course. The company didn’t instantly react to a request for more details.
It’s the latest ter a series of thefts reported by cryptocurrency exchanges ter latest months.
Just last week, another cryptocurrency exchange te South Korea, Coinrail, said hackers stole about 30% of its vistoso currencies.
South Korea emerged last year spil one of the world’s major markets for trading ter bitcoin and other supuesto currencies.
According to industry webstek CoinMarketCap.com, Bithumb wasgoed the sixth largest cryptocurrency exchange worldwide by trading volume overheen the past 24 hours.
News of the theft at the exchange zevenklapper the prices of cryptocurrencies. Bitcoin fell around 2%.
Analysts say many potencial currency exchanges are delicado to hackers because they have grown quickly without implementing strong enough security.
Ter January, Japanese exchange Coincheck said hackers stole more than $500 million worth of cryptocurrency. Last year, two bitcoin exchanges went bankrupt after falling victim to similar breaches.
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