South Korean exchange Bithumb hacked for $31 million

You know it is just a regular day when you read about a cryptocurrency heist. Today’s victim is South Korean exchange desk Bithumb.

The company reported that nearly 35 billion Won ($31.6 million) were stolen from its exchange. The hack began last night and lasted until today morning Korean Standard Time (KST).

Bithumb has taken all regular cautionary measures following the hack.

The company has halted all its deposits and withdrawal services, and urged its customers not to deposit any funds until further notice. The existing cryptocurrencies on the exchange have been moved to a cold wallet, where they can’t be accessed through the internet.

Read full news article on The Next Web

 


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