Crypto-news: One of the largest crypto exchange in South Korea, Bithumb, has been hacked.

in #cryptocurrency6 years ago

Hi fellow Steemians!

It's being reported that one of South Korea's largest cryptocurrency exchanges, Bithumb, has been hacked and approximately 35 billion won ($31 million) worth of cryptos have been stolen from the platform.

Bithumb has halted its asset deposit and withdrawal services.

Further, Bithumb has moved other assets to a cold wallet that is not accessible through the internet.

If you're a user of Bithumb, there is a small bit of positive news. Apparently the losses will be covered by the platform.

This hack is the second incident in less than two weeks in South Korea, where Coinrail - another crypto exchange in Korea - was hacked on June 10.

To be honest, not much can be done on our (customer's) side when it comes to hacking. We just have to stay vigilant.

Source: Coindesk
Image source: Bitcoin Wiki

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