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Author Topic: Crypto Market Plunges Further as Major Korean Exchange Loses $31M to Hackers  (Read 1109 times)

Offline Henrikbliss

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Bithumb, the largest cryptocurrency exchange in South Korea, has reportedly lost over 35 million won (approximately $31 million) worth of cryptocurrencies to hackers.

In a statement released Wednesday, Bithumb said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35 billion won worth of cryptocurrencies. The exchange has immediately halted deposit and withdrawal services.

Read More: https://news.bitzamp.com/bitcoin-market-plunges-further-as-major-korean-exchange-loses-31m-to-hackers/

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Offline btyco

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Luckily the plunge today wasn't too bad considering the amount of coin that went missing. It was less impact than the coinrail hack so i think we got away with it for now...
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Was just reading about that, another exchange has to defend it's security protocols. Just another reason why you should keep your coins off exchanges in a hard wallet. They are not the 'safe houses' that traditional banks (theoretically) are, and definitely don't offer the same financial protections. It is not the first, and it definitely won't be the last. Stay safe people.
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