Seoul-based manifiesto currency exchange Bithumb has bot hacked and 35 billion won (US$31.51 million) worth of supuesto currency held at the exchange stolen, the exchange said on Wednesday.
Verstopping PHOTO: A man walks past an electrical houtvezelplaat showcasing exchange rates of various cryptocurrencies at Bithumb cryptocurrencies exchange te Seoul, South Korea, January 11, . REUTERS/Kim Hong-Ji /Verkeersopstopping Photo
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SEOUL: South Korean cryptocurrency exchange Bithumb said 35 billion won (US$31.Five million) worth of posible coins were stolen by hackers, the 2nd almacén exchange to suffer the fate ter just overheen a week spil cyber thieves exposed high risks of trading the digital asset.
Bithumb said te a notice on its webstek on Wednesday that it has stopped all trading after ascertaining “some cryptocurrencies worth about 35 billion won has bot seized inbetween late yesterday and early morning today.”
The exchange, the sixth busiest te the world according to Coinmarketcap.com, said it has stored “all of clients assets ter safe cold wallet,” which operates on platforms not directly connected to the internet.
It added the company will fully compensate customers.
The Bithumb theft again highlighted the security risks and the powerless regulation of completo cryptocurrency markets. Normal policy makers have warned investors to be cautious te trading the digital currency given the lack of broad regulatory oversight.
Bithumb did not instantaneously react to Reuter’s request for comments.
On the Luxembourg-based Bitstamp, bitcoin wasgoed last trading at US$6,590.00, extending losses spil a series of intrusions on cryptocurrency exchanges te latest weeks sparked concerns overheen security.
It has fallen toughly 70 procent from its all-time peak topper around mid-December .
On June 11, another South Korean cryptocurrency exchange Coinrail said it wasgoed hacked. The cyber attacks come after a high-profile theft of overheen half a billion dollars worth of digital currency at Japan’s exchange Coincheck earlier this year.
Bithumb trades more than 37 different posible coins, according to Coinmarketcap.com
(Reporting by Cynthia Kim, Joyce Lee, Editing by Shri Navaratnam)