South Korean crypto exchange loses $31 million from hack, Business

A man witnesses the prices of bitcoin at Bithumb cryptocurrency exchange ter Seoul, South Korea, Wednesday, June 20, . Bithumb, South Korea’s second-largest exchange, said Wednesday that $31 million worth of potencial currencies have bot stolen by hackers, a latest ter the series of latest hacks that raised security concerns. (AP Photo/Ahn Young-joon)

A man is reflected on a screen demonstrating the prices of bitcoin at Bithumb cryptocurrency exchange ter Seoul, South Korea, Wednesday, June 20, . Bithumb, South Korea’s second-largest exchange, said Wednesday that $31 million worth of supuesto currencies have bot stolen by hackers, a latest ter the series of latest hacks that raised security concerns. (AP Photo/Ahn Young-joon)

Related movie

SEOUL, South Korea (AP) A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of potencial currencies have bot stolen by hackers, a latest ter the series of latest hacks that raised security concerns.

Bithumb, South Korea’s second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35 billion won worth of cryptocurrencies.

Bithumb said it has suspended trading and exchanging cryptocurrencies to Korean won following the hacking.

Related movie

It did not say which types of coins were lost. The company promised it would compensate the loss.

It is the latest series of cyberattacks on crypto exchanges that have raised security concerns for investors. Earlier this month, a puny exchange ter South Korea called Coinrail wasgoed hacked and reportedly lost coins worth $37 million.

Related movie

Beefing up security on crypto exchanges will be a key ter shoring up confidence te the largely unregulated sector that has risen spil one of the greatest investment areas.

Copyright The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

3 comments / Add your comment below

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

  2. Spil of now still using cryptopia spil my exchange. Don’t have any kwestie with it. I already had three transaction with it and all is a successful one. I like their layout, very basic and plain that can be understand by anyone with rente. Sometimes its slow ter loading (maybe due to traffic) but can see all visible opzicht needed te an exchange. I also thought it is one of the major exchange te the televisiekanaal, but its just a petite exchange (spil what i read ter the other forum). I don’t know with the others, they have their issues te cryptopia.

Leave a Reply