World’s Sixth Largest Crypto Exchange by Trade Volume Bithumb Hacked
Hackers have stolen cryptocurrencies worth $30 million from South Korea's leading virtual currency exchange Bithumb.
As a result all deposits and payments have been temporarily suspended.
Bithumb moved a large amount of Ethereum to its cold wallet when they recently noticed abnormal access. On June 16, Bithumb announced an abrupt server check “in order to maximize security settings.”
According to Korean resident officials from the Sentinel Protocol, a project specializing in hacking, scam, and fraud detection, the hot wallet was hacked on the night of June 19 and some of the stolen coins include Ripple.
According to CoinMarketCap, Bithumb’s 24-hour trade volume at press time is over $374 million, the world's sixth largest.
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