Settings

ⓕ font-size

  • -2
  • -1
  • 0
  • +1
  • +2

Korea's major crypto exchange Bithumb hacked; coins worth $32 million stolen

  • Facebook share button
  • Twitter share button
  • Kakao share button
  • Mail share button
  • Link share button
/ Yonhap
/ Yonhap

By Park Si-soo

South Korea's major cryptocurrency exchange Bithumb was hacked and an estimated 35 billion won ($31.51 million) worth of coins were stolen, the Seoul-based exchange said on Wednesday.

The company said the cyberattack took place between Tuesday night and early Wednesday. It has suspended all services, including coin deposits and withdrawals. The suspension will continue until it issues a notice of resuming services.

After the incident, Bithumb moved all users' assets into safe "cold wallets," a platform that is not connected to the internet.

Bithumb said it will "make up for the lost coins with the exchange's own coins."

Bithumb holds cryptocurrencies worth 6.36 trillion won, including coins worth 416 billion won of its own, as of the end of 2017, it said in an audit report released in April.

It happened 10 days after the smaller domestic cryptocurrency exchange Coinrail lost coins worth 40 billion won in a cyberattack for which an investigation is underway.
Park Si-soo pss@koreatimes.co.kr


X
CLOSE

Top 10 Stories

go top LETTER