Altcoin News: Prosecutors Called the Bithumb Crypto Exchange Responsible for the Leakage of Users Data

June 20, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The South Korean prosecutor’s office initiated an investigation into the Bithumb cryptocurrency exchange in connection with the incident that occurred in 2017, reports the local portal TokenPost.

The exchange allowed a large data leakage — over 31,000 entries fell into the hands of intruders, including names, phone numbers, email addresses, and information about transactions on the exchange of its clients. It is assumed that subsequently this information was used to steal $7 million from users’ wallets.

The Bithumb manager, responsible for the safety of personal information of users, was charged with violating the law on managing information networks and the law on information protection. According to the prosecutor’s office, it is precisely him who is responsible for penetrating the computers of employees of the exchange of malicious programs, which have become the tool for the attack. In addition, Bithumb did not take proper measures to encrypt customers data and thus violated security guidelines.

The representative of the prosecutor’s office said that the decision to give the case a move was made in the light of the discovery of new victims of the 2017 attack. Bithumb, in turn, said that data leakage and subsequent hacking of users’ wallets are unrelated events.

Earlier it became known that Bithumb’s losses in 2018 were $180 million.

Author: Marko Vidrih