South Korean cryptocurrency exchange Bithumb hacked for 30 miliion dollar
A major South Korea-based cryptocurrency exchange said it was hacked and about $30 million worth of cryptocurrencies were stolen. Bithumb is one of the busiest exchanges for virtual coins. The exchange said the stolen coins would be covered from its own holdings and that it moved all users' assets into safe "cold" wallets.
South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen.
The exchange did not say when it would restart its deposit and withdrawal services. South Korea is a major cryptocurrency trading center and Bithumb is one of the busiest virtual coin exchanges.
Earlier this month, a relatively small South Korean exchange, Coinrail, tweeted that it had been hacked, and noted that lesser-known cryptocurrencies such as Pundi X were among those affected.