Altcoin News: South Korean Cryptocurrency Exchange Bithumb Reported Hacking

March 30, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

In the Twitter account of the Bithumb cryptocurrency exchange, a record appeared that, due to suspiciously abnormal transactions, the input and output of funds on the site was suspended.

A similar message appeared on the Bithumb website, where it is said that on March 29, at 10:15 pm, the trading monitoring system detected abnormal withdrawals of cryptocurrency, which caused the disabling of the deposit and withdrawal function. In addition, the entire cryptocurrency has been moved to cold wallets.

The publication also notes that “the incident was related to the actions of insiders.” An investigation is already underway to which Bithumb has attracted cybersecurity companies, the cyber police, and the South Korean Internet and Security Agency (KISA).

Primitive partner Dovey Wan claims that the private key was stolen from the cold Bithumb wallet, from which over 3 million EOS (about $12.5 million) were withdrawn. Also, referring to the message of one of the commentators, Van writes that the Bithumb wallet was hacked, from which 20 million XRP ($ 6 million) were subsequently withdrawn.

Author: Marko Vidrih