As previously reported by CoinDesk, Bithumb, one of the largest crypto exchanges in South Korea and the world by trading volume, was hacked on June 20 – an event that saw 35 billion Korean won ($31 million) in various cryptocurrencies stolen.
In today’s update, Bithumb also disclosed for the first time that 11 crypto assets were stolen during the breach.
Notably, bitcoin accounted for the largest loss, with 2,016 BTC taken – an amount worth $12 million at press time.
Other major cryptocurrency losses include 2,219 ether, 692 bitcoin cash and 5.2 million XRP, worth around $950,000, $487,000 and $2.4 million, respectively, based on the latest price data from CoinDesk.
Following the last week’s heist, 24-hour trading volume on Bithumb has dropped significantly – from $400 million at the time to $124 million currently – data from CoinMarketCap shows.
South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago, in an official announcement today, June 21.
One of the busiest virtual coin exchanges in the world, Bithumb, was hacked on Tuesday 19th June and coins worth over $30 million were stolen. All activities on the platform have been temporarily suspended, and there is no news of service renewal yet.
The exchange stated: “We have announced about 35 billion Korean won of damages … Bithumb is reducing the amount of damage through ongoing damage recovery, future figures are expected to be lower.
OPINION: Earlier today, top Korean cryptocurrency exchange platform Bithumb was hacked for a loss of about $30 million. While this has been the buzz in the crypto world, many have forgotten that another infamous hack occurred on this day.
Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea’s leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.
On June 19th 2018, just before 2PM London time, Bithumb was hacked out of $30 million worth of cryptocurrencies. How the hack happened exactly we do not know. Bithumb has...
The post Ripple Market Sold, LTC Market Bought, Bithumb Hack as the Charts Tell It appeared first on Trustnodes.
For the second time this month, an exchange in South Korea gets hacked, resulting in an eerily similar dip in Bitcoin's price that mirrors the trajectory during the previous incident.
For the second time this month, an exchange in South Korea gets hacked, resulting in an eerily similar dip in Bitcoin's price that mirrors the trajectory during the previous incident.
The world’s sixth largest cryptocurrency exchange based out of South Korea, Bithumb has announced on 19th of June that their platform has been hacked and cryptocurrencies to the tune of $ 30 million have been stolen.
FOMO Moments Markets have dopped, altcoins getting hit hardest are Iota, Dash, Qtum and Bytecoin. What appeared to be signs of a rebound over the past day have been quashed this morning when news broke that Korea’s second largest exchange Bithumb had been hacked.
Popular South Korean cryptocurrency exchange Bithumb has suspended all deposits and withdrawals following a hack resulting in the theft of more than $31 million worth of cryptocurrencies. This marks the second Korean exchange hack in as many weeks.
Bithumb, one of the largest exchanges in Asia, just broke the news that it has been hacked, with the hackers reportedly stealing over $30 million worth of cryptocurrencies. Bithumb Wallet Change Backfires At 12:49 UTC on June 19th, Bithumb announced that they would be temporarily suspending deposits due to a change in wallets with their exchange.
In a momentous turn of events for the worlds of both cryptocurrency and traditional investment, Purpose Investments has sought regulatory approval for the Purpose XRP ETF to be listed on the Toronto Stock Exchange.
Grayscale Investments has filed with the New York Stock Exchange to offer a spot XRP exchange-traded fund. This filing aims to convert Grayscale’s existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE. “The…
XRP, the native cryptocurrency of the XRP Ledger (XRPL), has shown gains following a major announcement from Ripple, and a political move by its CEO. Now the XRP price chart is showing a giant bull flag. Get ready, for today's XRP news.
Ripple price had a strong performance in January, outperforming popular cryptocurrencies like Bitcoin and Ethereum. Ripple (XRP) rose by over 50%, while Bitcoin (BTC) jumped by 12%, and Ethereum (ETH) fell by 6%. It also did better than other large-cap…
On-chain investigator ZachXBT reported that Ripple was compromised for approximately 213 million XRP, valued at around $112. 5M. In a recent post on X, ZachXBT flagged suspicious Ripple (XRP) transfers worth around $112.
XCN crypto rallied nearly 36% over the past day amid exchange listings and hype around upcoming product launches. Onyxcoin’s token (XCN) soared to an intraday high of $0.0394, pushing its market cap to over $1.16 billion as of the last…
Amid the latest bloodbath, Ripple’s XRP posted minor gains today due to a quick rejection earlier this week. It slowly reaches an exhaustion point but its bullish trajectory is still intact while is set for another buy.
