Bithumb Hacked $31.5 Million Worth Stolen
Another one bites the dust. Bithumb, a large well used crypto currency exchange has been hacked with around $31 million US Dollars stolen. Bithumb announce late Tuesday evening that they have been attacked by hackers that was able to syphon out 35 Billion Won (31Million US)
This attack only comes 10 days after the Conrail Exchange hack where an estimated $40 million dollars worth of crypto was stolen.
Are the security measures of the exchanges not adequate enough to keep these attacks from happening or are these organized crime attacks just to powerful to overwhelm the current security we have in place.
[Knowledge is Power] + [Time is Money] = $ucce$$!!!
FOLLOW YOUR OWN RULES FOR INVESTING
Please, engage with us, it only takes a second to RESTEEM, UPVOTE, OR FOLLOW; and it may only take a second to change someone’s the world. Be the difference!
BEST ENDEAVORS!
OUR OTHER INTERESTING READS
HOW TO SPOT AND AVOID URL SCAMS OF CRYPTOCURRENCY EXCHANGES?
CRYPTOCURRENCY HAS A SECRET WEAPON
CRYPTO VS. U.S. DOLLAR: WHO BOUGHT MORE DRUGS?
Legal Disclaimer
All content found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or supplemental information, expressed or implied herein, are for, entertainment or educational purposes only and should not be construed as personal investment advice. We are not financial advisors. It is very important that you do your own research and due diligence as to make the best informed decision. Always DYOR = Do Your Own Research.
Thank you for your post. :) I have voted for you: 🎁! To call me just write @contentvoter in a comment.
hey, this post resteemed by @manikchandsk to over 7600 followers and voted. good luck
thanks for using our service.
send 0.300 sbd or steem to @manikchandsk and keep post link in memo that you want resteem + 40 upvote +@manikchandsk 100%upvote.
click for details..https://steemit.com/manikchandsk/@manikchandsk/post-resteem-upvote-service
Resteemed by @resteembot! Good Luck!
Check @resteembot's introduction post or the other great posts I already resteemed.
This seems to be a regular thing nowadays. I wonder if it's because the exchanges are not regulated, therefore perceived as an easier target?
I think that is one part of the problem. I think the exchanges needs to increase security and must have the full support of government agencies going after criminals and prosecuting them to the full extent of the law. Another possible solution is a limitation of withdrawals like a holding time duration depending on the amount. 24 hours hold for anything 5k and under and 1 week hold for anything 100k and over.
It's always the low hanging fruit that gets picked first. Perhaps these exchanges should go out of their way to NOT be low hanging fruit...
You got a 20.00% upvote from @nado.bot courtesy of @cryptoautonomy!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.