Bithumb Bitcoin Exchange Hacked and Now is to Pay Back Users – CoinSpeaker

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One of the world’s largest Bitcoin and Ether cryptocurrencies exchanges Bithumb has recently bot hacked, resulting te loss of more than $1 Million te cryptocurrencies.

One of the largest bitcoin exchanges te the world, based ter South Korea, has bot hacked, and 30,000 customers’ gegevens has bot compromised, according to a report from Yonhap News.

Spil CoinMarketCap reports, Bithumb is the 2nd largest bitcoin exchange by volume, accounting for harshly 3% of the universal market, and the largest ethereum exchange, reporting about 13.5% of total trade activity.

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Te its blog postbode, Bithumb said, that it is providing 100,000 Korean won worth about $86.50 to each affected customer out of 30,000 (this number represents approximately 3% of exchange clients’ pool).

“In addition, for the members who suffer reserve harm due to this incident, wij will compensate the entire amount of damages ter a responsible manner,” Bithumb’s operators said.

The exchange believes, that the breach wasgoed caused by one of its employee’s stulp rekentuig being hacked, not its entire network. It underlines that no passwords were compromised, so it is unlikely for hackers to build up meteen access to user accounts.

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“The employee PC, not the head office server, wasgoed hacked. Private information such spil mobile phone and email address of some users were leaked. However, some customers were found to have bot stolen from because of the disposable password used ter electronic financial transactions.” – say te Bithumb.

Interestingly, the breach is reported to have occurred ter February, but Bithumb is reported to have discovered the breach only on 29 June and reported it to the authorities the next day.

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The incident itself underscores the fact that not only investors and digital-currency enthusiasts are excited by the current surge of rente ter cryptocurrencies criminals are also eyeing up businesses that hold cryptocurrencies, and no one can promise absolute security.

ccording to Yonhap, while more than 100 Bithumb customers have already filed a complaint regarding the hack, the Korea Internet and Security Agency together with the Korea Communications Commission are presently commencing the investigation.

Despite the attack hasn’t resulted te large-scale losses, for setting it is markedly smaller than previous hack of bitcoin exchange Mt. Gox, where $460 million te bitcoin (at then current prices) disappeared te 2014, the fact of it’s occurrence places exchange security systems’ efficasy ter question, thus making the exchanges address the problem spil soon spil possible.

Albeit, presently manifiesto currencies are not regulated by South Korea’s financial authorities, steps are being taken to switch the situation for the better there: a set of bills to regulate the cryptocurrency market is under development. It definitively makes sence, spil cryptocurrencies are getting more and more mainstream all overheen the world and there should be a system able to control them.

3 comments / Add your comment below

  1. I think Bithumb is better last year for its display on the current appeal, but I still choose Bithumb because there are many trusted coins there.

  2. Not sure how but some one attempting since 6 months to login into my cryptopia account despite i switched password Four times, thank monarch email 2FA is activated

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