Popular South Korean cryptocurrency exchange Bithumb has suspended all deposits and withdrawals following a hack resulting in the theft of more than $31 million worth of cryptocurrencies. This marks the second Korean exchange hack in as many weeks.
Seoul-based cryptocurrency exchange Bithumb – currently the sixth largest exchange in the world by trade volume – announced shortly before 9 AM local time Wednesday that more than 35 billion won ($31.5 billion) worth of cryptocurrencies had been stolen from the platform in an apparent hack. Deposits and withdrawals on the exchange have been halted while they change out their wallet system to address safety and security issues.
[Notice for the temporary suspension of the deposits]Due to the increasing safety issues, we are changing our wallet system.Please do not deposit until we notify.*All deposits are not deposited into your wallet until all changes are completed.
— Bithumb (@BithumbOfficial) June 20, 2018
Although it is not yet known which cryptocurrencies were stolen, Bithumb was quick to assure customers that their funds have been moved to secure cold wallets and that any losses resulting from the theft would be reimbursed from the exchange’s own reserves.
The Cryptocurrency Market Reacts
The cryptocurrency market reacted swiftly to …
Read more –> click here all content is copyright Bitcoinist.
Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..
Powered by ABITCO.IN