Bitthumb breach yields private gegevens on 30K, leads to funds scams

Individual information on 30,000 customers of Bitthumb, billed spil South Korea’s largest cybercurrency exchange, were likely exposed ter a latest hack of an employee’s PC and used to trick customers and pilfer their funds.

The last few weeks were dramatic for cryptocurrency and its traders with the market volatility providing an chance for both fair investors and criminals, Ben Herzberg, security group research manager at Imperva, said te comments to SC Media. This is due to surges te request for Bitcoin bringing it to overheen Two.7K USD, which has now stabilized to around $Two.5K USD. Other cryptocurrencies like Ethereum have spiked from almost nothing to $400 ter a very epistel time, and are now around $270.

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This latest incident has prompted an investigation by the Korea Internet & Security Agency, which wasgoed alerted by Bitthumb on June 30, a day after discovering the alleged breach, that an employee’s stulp rekentuig had bot compromised, the Yonhap News Agency reported an agency official spil telling.

Ter this case, according to Bithumb, the breach itself wasgoed on gegevens stored outside of the company’s assets on a individual rekentuig. This also brings the question of gegevens security ter companies and the capability of employees to take sensitive information with them when they’re at stulp, said Herzberg. Part of this is due to the rapidly switching work environment where employees gets more remote access to company resources, which poses a challenge to IT security departments.

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According to a notice posted by Bitthumb, passwords were not leaked albeit reports said many customers claimed to have received calls and texts which extracted or attempted to uittreksel authentication codes from them, the news agency said.

Attackers can make a loterijlot of money when attacking crypto exchanges, due to some factors like the anonymity of the cryptocurrencies, hence the capability to dispose of the stolen goods with limited risk, and also by speculating on market prices, especially ter specific exchangers or markets, and causing dramatic switches. Te many cases this is done by Denial of Service attacks, which are hugely popular against cryptocurrency exchanges, Herzberg explained.

Reports of the Bitthumb breach come just spil Park Yong-jin, a lawmaker from the Minjoo Democratic Party, said he’d introduce a trio of legislative revisions te July to create a regulatory framework for digital currencies, the Korea Herald said.

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3 comments / Add your comment below

  1. I dont use this exchange because has low volume, i choose use Binance, Kucoin, Poloniex and Bithumb . I more like trading ter exchange that has high volume so i can get better liquidity. But from other review of trader, Cryptopia is good exchange, you have to voeling their support and wait patiently so the customer support can solve your problem.

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