Hackers Steal $31 Million from South Korean cryptocurrency exchange Bithumb

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Just weeks after Korean exchange Coinrail wasgoed hacked, the Bithumb crypto exchange wasgoed hacked, crooks stole overheen $30 million te cryptocurrency.

It has happened again, for the 2nd time ter a year, the cryptocurrency exchange Bithumb has bot hacked.

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The South Korean cryptocurrency exchange confirmed that hackers stole 35 billion won ($31.6 million) worth of cryptocurrency inbetween June Nineteen and June 20.

Te response to the incident, the exchange moved all funds to cold wallets and temporarily suspended the deposits and blocked user withdrawals.

[Notice for the improvised suspension of the deposits]

Due to the enhancing safety issues, wij are switching our wallet system.

Please do not deposit until wij notify.

*All deposits are not deposited into your wallet until all switches are ended.

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*All deposit and withdrawal service will be stopped to make sure the security. Wij will keep notice you of the restart of the service. Wij apologize for your inconvenience and thanks for your understanding.

At the time of writing, Bithumb did not expose any details about the security breach, but it announced that it will voorkant losses.

“We have noticed that inbetween the last night and today morning, about 35,000,000,000 KRW worth cryptocurrencies have bot stolen. However, this loss will be compensated by Bithumb’s own reservoir, and all of our assets are securedly saved te Bithumb’s cold wallet.” reads the security advisory published by Bithumb.

“However, due to implementation enhancement spil well spil security check on deposit / withdrawal services, cryptocurrency deposit / withdrawal and KRW withdrawal service will be halted for time being and services are scrupulously reviewed.”

Bithumb is one of the top Ten most popular cryptocurrency exchanges, experts noticed that Bitcoin price fell Trio procent following the announcement of the incident.

This is the 2nd time ter a year that Bithumb suffers a security breach, te July hackers have stolen more than $1 Million te Bitcoin and Ether cryptocurrencies from the accounts of several users of the exchange.

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Experts argued that the overall funds stolen at the time were greater than primarily thought.

A few weeks ago, another South Korean exchange, Coinrail, announced a cyberheist. Attackers stole overheen $40M worth of ICO tokens that were maintained ter the servers of the exchange.

Ter December, the South Korea cryptocurrency exchange Youbit shut down after a being hacked two times te a few months.

3 comments / Add your comment below

  1. Yes the Bithumb is good since then the graphics are beautiful and it’s just quick to get it right here because you’ll know it’s down and the rise of the picture so it’s effortless to learn novice here so I think it’s just a puny kwestie ter this because you need to verify an account so you can withdraw trading.

  2. Cryptopia is a good exchange and I am trading on this mostly I trade ETN on crypto spil it wasgoed not on other exchanges fees are also less and I love trading on Cryptopia.

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