Bithumb Deletes Tweet Stating Company Will Voorkant $32M Loss After Hacking Incident

Bithumb Deletes Tweet Stating Company Will Voorkant $32M Loss After Hacking Incident

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Thu, Jun 21, Five:17 AM

The details of a hacking incident will always be murky hours and days after the attack happens. And the latest case involving Bithumb is no exception.

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South Korea-based Bithumb is the sixth busiest cryptocurrency exchange across the globe but fell one place lower after the hacking, with its 24-hour trading volume standing at overheen $217,000,000. An investigation has bot launched by the Ministry of Science and Technology following the attack, where the hackers took off with coins worth $32 million, according to Cointelegraph.

Moreover, the Korea Internet & Security Agency (KISA) has also bot involved te order to shed light on how exactly the hackers broke into the exchange&rsquo,s system. Authorities have already bot sent to Bithumb&rsquo,s center of operations ter Seoul to gather records and information from company computers which will hopefully yield leads.

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After the attack, the exchange tweeted that the pilfered amount is going to be covered by the company and those who are affected will be compensated accordingly. However, it seems that the tweet has bot deleted from Bithumb’s account, sparking concerns from people and other entities that have a stake te the case.

While details remain undisclosed, such spil what exactly the cryptocurrencies were that were stolen, it has already bot reported that Ripple is among those that were compromised. Bithumb presently caters to 37 cryptocurrencies, with EOS and Tron being the top two, amounting to 34 procent and Nineteen procent, respectively, vanaf trade volume. The company will likely provide specifics on the case when its operation reverts to natural.

The rising occurrences of hacking incidents are taking a toll on the crypto market&rsquo,s stability spil investors become more apprehensive about the risks te this industry. Even hacking cases like the 51 procent attack, which is considered a rarity among cryptocurrencies, are becoming more and more prevalent. Ter the month of May alone, there were five incidents of such method of hacking reported.

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