Hackers Attack Bithumb and Steal $30 Million in the Process
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One of South Korea's largest crypto exchanges, Bithumb, has just been a target of the newest hacking attack. The exchange was hit on June 20th and the attack resulted in hackers getting away with up to $30 million in cryptocurrency.
Bithumb's response to the hack was to immediately suspend all deposits and withdrawals, which occurred at 00:53 UTC. The details of the attack, including the exact time, are not yet known, but the information regarding the time of withdrawal/deposit suspension gives at least some clues.
Following the suspension, the exchange started transferring its assets to various cold wallets, until the systems are restored, and vulnerabilities fixed.
The exchange Tweeted that up to $30 million in cryptos was lost in the attack, but also that the exchange will cover this loss. Unfortunately, the said Tweet has recently been deleted. Some users are worried that this might mean that the exchange is going back on its promise to provide compensation, but Bithumb Support reassures them that this is not the case.
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