The Infinite Brief

The company said in an announcement today that the hack happened between late Tuesday night and early Wednesday morning local time. Although Bithumb has yet to disclose which and how much cryptocurrency had been stolen, it said in the announcement that the loss will be covered by the platform.

The company said remaining assets had been moved to a cold wallet to be stored in a more secure environment that is not accessible via the internet. As such, Bithumb said investors should “immediately discontinue depositing cryptocurrencies until further notice.”

While the platform did not disclose the amount of the damage, other sources suggested at the time that $40 million-worth of cryptocurrencies could have been taken.