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Cryptos Tumble After South Korea’s Bithumb Exchange Hacked

Courtesy of ZeroHedge. View original post here.

Headlines from South Korea’s Yonhap news agency confirm that the Bithumb crypto-exchange has been hacked and 30 billion Won ($28 million) stolen.

Bithumb’s official Twitter account confirms the temporary suspension of withdrawals, notes that all assets have been moved to cold storage and confirms that all losses will be covered…

[Notice for the temporary suspension of the deposits]

Due to the increasing safety issues, we are changing our wallet system.

Please do not deposit until we notify.

*All deposits are not deposited into your wallet until all changes are completed.

— Bithumb (@BithumbOfficial) June 20, 2018

[Notice for the suspension of all deposit and withdrawal service]

We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.

— Bithumb (@BithumbOfficial) June 20, 2018

*All deposit and withdrawal service will be stopped to make sure the security. We will keep notice you of the restart of the service. We apologize for your inconvenience and thanks for your understanding.

— Bithumb (@BithumbOfficial) June 20, 2018

The reaction – as it always seems to be on news of an exchange hack – is insta-selling…

This comes just a week after South Korean exchange Coinrail was hacked.

Developing…


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