Bithumb Exchange Hacked, $30 Million Stolen

Home / Bithumb Exchange Hacked, $30 Million Stolen

Largest South Korean exchange has suspended all deposits and withdrawals after losing $30 million worth of cryptocurrencies as the result of an apparent hack on Tuesday night. Given the relatively small size of the theft, it’s likely that a hacker managed to gain access to an internet-connected “hot wallet” for one of the more thinly-traded assets listed on the platform. Bithumb confirmed that all losses of users that were affected will be covered by the company.

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