$30 million worth of undisclosed cryptocurrencies has been stolen from Bithumb, one of the largest crypto exchanges in South Korea by trading volume.
As it was officially announced the Seoul-based crypto exchange Bithumb had become a victim of a hack and had lost $30 million worth of undisclosed cryptocurrencies.
Currently, Bithumb is considered to be the world’s sixth-largest and South Korea’s second-largest cryptocurrency exchange.
As CoinSpeaker has previously informed, on June 10, a smaller South Korean cryptocurrency exchange Coinrail announced that some ERC20-based tokens worth nearly $40 million had been stolen from their platform.
Soon after the news of Coinrail hack became known,it was possible to notice further negative tendencies on the already declining crypto markets.
Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.
According to reports, Mirae Asset Group is in advanced talks to buy Korbit, South Korea’s long-running crypto exchange, in a deal valued at about 100 billion to 140 billion won — roughly $70 million to $100 million.
Hyundai Group’s Seoul offices were evacuated after an email threatened explosions unless a Bitcoin ransom was paid, authorities and media reports said. Related Reading: Hoskinson Warns Trump’s Crypto Push Could Backfire On The Industry The message demanded 13 Bitcoin — roughly $1.
Bitcoin Magazine
‘Pay 13 Bitcoin or We Blow It Up’: Hyundai Bomb Threat Shakes South Korean Offices
Hyundai Group evacuated staff from two Seoul offices after receiving a bomb threat email demanding bitcoin.
South Korea boasts one of the most reliable crypto audiences in the world. But when it comes to actually sticking around on-chain, that attention drops off fast.
