Hackers Steal $31m+ from South Korean Crypto-Exchange

South Korean exchange Bithumb has been targeted by hackers for the second time in a year, this time losing over $31m in cryptocurrency.

A notice from the firm, one of the world’s largest digital currency exchanges, claimed that the attack began last night and was discovered this morning, with around 35bn won ($31.5m) taken.

The firm has halted deposits and withdrawals “for the time being” while it conducts a thorough review into what happened.

It claimed that all lost funds will be covered by Bithumb from its own reserve and that remaining assets were removed to a secure cold wallet.

> Read entire article Hackers Steal $31m+ From South Korean Crypto-Exchange | Phil Muncaster | InfoSecurity

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