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Bitcoin, Bithumb, Hacking

Crypto Exchange Bithumb Reportedly Hacked

Today, March 30, crypto exchange Bithumb posted on Twitter that their cryptocurrency withdrawals and deposits have temporarily been paused.

In an explanation linked to the tweet, the exchange writes that at 10:15 (time zone unknown) on the 29th, they detected what they describe as abnormal withdrawals through their monitoring system.

The exchange continues that they have “secured all the cryptocurrency from the detection time with a cold wallet and checked them by blocking deposit and withdrawal service.”

According to the translated note, the incident was an “accident involving insiders” and they are conducting investigations with security companies, the cyber police agency, and KISA.

A tweet from crypto user Dovey Wan wrote that more than 3 million EOS (around $12.5 million) has been transferred at Bithumb’s cold storage level, but this is unconfirmed.

In June 2018, Bithumb had suffered a hack of around $30 million in cryptocurrencies. In the investigation after the hack, the exchange recovered $14 million of the stolen funds.

Cointelegraph will update this story as it continues.

Last week, it was reported that BitHumb is currently cutting up to 50 percent of its workforce.

As Cointelegraph also recently reported, data scientists at blockchain infrastructure firm Elementus have published details of recent transactions from crypto exchange CoinBene that they consider to be suspect, beginning with $105 million in crypto swiftly being moved out of the exchange’s hot wallet.

Source : Coin Telegraph

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Founder and Editor-in-Chief of ‘Coinotizia’. Technology Evangelist, Security Analyst, Cryptocurrency Investor, Certified Cyber Security Expert and Web Applications Developer.