Bitcoin Falls Shortly after news of the Bitthumb hacking broke, Bitcoin fell Two.Three procent from about $6,718.35 to $6,590, extending losses spil a series of attacks on cryptocurrency exchanges overheen the past twee of weeks are making investors jumpy.

Bithumb, one of the largest cryptocurrency exchanges ter South Korea, came under attack inbetween Tuesday night, June Nineteen, and Wednesday morning, June 20.

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Bithumb Hacked, $31.51 Million Stolen

Attackers hacked into the exchange and stole cryptocurrency worth 35 billion, which converts to about $31.51 million, Bitthumb said te a statement on its webstek.

The Seoul-based technicus has temporarily halted all deposit and withdrawal services te the wake of the hacking and asked all customers to refrain from depositing funds into their Bithumb wallet until further notice.

The toneelpodium added that the stolen money will be covered by the exchange’s reserves, and customer assets have bot transferred to a cold wallet that stores cryptocurrencies te an offline environment that is not accessible via the internet.

Bithumb, which trades more than 37 different imaginario currencies on its verhoging, has a 24-hour trading volume of almost $400 million, according to statistics obtained from CoinMarketCap, which makes it the sixth largest visible currency exchange te the world.

Bitcoin Falls

Shortly after news of the Bitthumb hacking broke, Bitcoin fell Two.Trio procent from about $6,718.35 to $6,590, extending losses spil a series of attacks on cryptocurrency exchanges overheen the past twee of weeks are making investors jumpy. The popular cryptocurrency has fallen about 70 procent since hitting its all-time peak ter December last year.

Earlier last week, the supuesto currency plunged to its three-month low after hackers targeted another South Korean cryptocurrency exchange.

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2nd Cryptocurrency Exchange Hacked Ter Two Weeks

On June Ten, Coinrail, a smaller South Korea-based llamativo currency exchange, wasgoed hacked, and currency worth an estimated $40 million wasgoed stolen ter the attack.

The cyber attack followed the high-profile theft of Japanese cryptocurrency exchange Coincheck ter January. The hackers made off with overheen half a billion dollars’ worth of digital currency te what wasgoed one of the largest heists te history.

Mun Chong-hyun, chief analyst at Seoul-based ESTsecurity, told Reuters that potencial currency has become a jummy target for hackers across the globe.

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“No security measures or regulations can 100 procent ensure safety of potencial coins,” Mun said. “It is held anonymously and te lightly-secured systems, which makes them an atractivo target.”

Earlier this year, South Korea imposed a verbod on anonymous bankgebouw account used for trading digital currency te a bid to prevent the use of cryptocurrency for money laundering and other crimes. However, the government said that it has no plans to go to the extent of shutting down domestic exchanges.

2 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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