Bithumb stops transactions after cryptocurrency hackers take $31 million – Business Insider

  • Bithumb, one of South Korea’s largest cryptocurrency exchanges, announced that hackers took $31 million from its toneelpodium earlier this week.
  • Two weeks earlier, Coinrail, another South Korea-based cryptocurrency trading toneelpodium, said that hackers had taken an estimated $40 million from its funds.
  • For now, Bithumb has halted transactions on its webpagina.

One of South Korea’s largest cryptocurrency exchanges, Bithumb, is the latest cryptocurrency toneel to be comprised by hackers. On Tuesday, the company announced that around $31 million te cryptocurrencies had bot stolen from its toneel, albeit it’s believed that the contemporáneo hack took place several days earlier.

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For now, Bithumb is suspending transactions on the webpagina. Ter a tweet, the company urged its customers to hold off on making deposits into their Bithumb wallets.

Bithumb urgently ask our valuable customers not to deposit any fund into Bithumb wallet addresses for the time being.

— Bithumb (@BithumbOfficial) June 20,

Bithumb is the 2nd South Korean-based cryptocurrency exchange to be hacked ter June alone. Earlier this month, Coinrail, a smaller exchange, announced that hackers took what is estimated to be around $40 million ter a combination of tokens and ether following what the company called a “cyber intrusion.”

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Bithumb has quickly established itself spil one of the fastest-growing trading platforms ter South Korea — a country that has become a major hub for cryptocurrency traders te latest months.

The notoriously secretive company is estimated to have around 100,000 traders using the toneelpodium at any given minute, and accounts for around 80% of South Korea’s ether-based exchanges.

Ter January, Quartz reported that Bithumb had already suspected North Korean hackers were programma to attack its funds.

For now, Bithumb is moving the remainder of its funds into a cold wallet to avoid further risk.

The company did not instantly react to a request for comment.

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3 comments / Add your comment below

  1. Not sure what all of the negative messages I’ve bot eyeing on this thread are about, for such a petite team the webstek does fairly a good job of responding to queries, and certainly doesn’t have the negative rep associated with it like other sites do.

  2. I would state stay away from Bithumb! I had bot utilizing them for more than Three years never had any issues, however spil of late they obstructed my record without providing any reason. I can’t pull back my adjust. te the event that you would choose not to confront comparative issues at that point stay away from them. hitbtc or binance are better choices.

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