The Bithumb theft highlights the security risks and the powerless regulation of común cryptocurrency markets.

Bithumb said te a notice that it had stopped all trading after ascertaining some cryptocurrencies worth about $32 million were seized inbetween Tuesday and Wednesday.

South Korean cryptocurrency exchange Bithumb said 35 billion won ($32 million) worth of imaginario coins were stolen by hackers, the 2nd nave exchange targeted te just overheen a week spil cyber thieves exposed the high risks of trading the digital asset.

Bithumb said te a notice on its webstek on Wednesday that it had stopped all trading after ascertaining &ldquo,some cryptocurrencies worth about $32 million were seized inbetween late yesterday and early morning today.&rdquo,

The exchange, the sixth busiest te the world according to Coinmarketcap.com, said it had stored &ldquo,all clients&rsquo, assets te safe cold wallets,&rdquo, which operate on platforms not directly connected to the internet.

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It added that the company would fully compensate customers.

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The Bithumb theft highlights the security risks and the powerless regulation of completo cryptocurrency markets.

Universal policymakers have warned investors to be cautious te trading the digital currency given the lack of broad regulatory oversight.

Te Ho, a professor at Korea University&rsquo,s Blockchain Research Institute, said the stolen coins were most likely to be from the more insecure &lsquo,hot wallets.&rsquo,

&ldquo,Since coins te the cold wallets are not at all wired to the internet, it would have bot unlikely for hackers to steal those ter cold wallets unless they physically broke ter,&rdquo, said Te, a blockchain voor at the research centre.

Bithumb did not instantly react for comments, and its statement did not say whether the stolen coins were stored te its &lsquo,hot wallets&rsquo,.

Mun Chong-hyun, chief analyst at ESTsecurity, said digital coins would proceed to be delicious targets for hackers around the world.

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&ldquo,No security measures or regulations can 100 procent ensure safety of posible coins. It is held anonymously and ter lightly-secured systems, which makes them an encantador target,&rdquo, Mun said.

2 comments / Add your comment below

  1. Cryptopia has stolen a loterijlot of money from random users and now they are continuously delisting coins that you cannot withdraw for one reason or another. They are a bunch of scammers that execute it leisurely which ter the end finishes up being even more profitable. Attempting to get far away spil soon spil I can.

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