yobit.net вход yobit.net вход
Alert: Bithumb Hacked, Millions Worth of Cryptocurrency Stolen

Alert: Bithumb Hacked, Millions Worth of Cryptocurrency Stolen

Just days after the DragonEx exchange got hacked, BitHumb, the largest cryptocurrency exchange of South Korea has been hacked for the second time for a huge number of EOS and XRP coins.

The Bithumb exchange was also hacked last year which led to around $30 million of cryptocurrencies being stolen. The exchange was able to recover only $14 million of the same and had shut down its deposit and withdrawals for months after the hack.

Bithumb Hacked: Yet Again

According to Dovey Wan, the founding partner of Primitive Ventures who cite information from local blockchain analytics firms and cyber-security firms, the EOS wallet of the Bithumb exchange was hacked yesterday (Friday) i.e. 29th March 2019, which has led to around 3 million EOS being stolen. 3 million EOS according to current market price are valued at around $12.5 million.

From an initial look at the wallet, it appears that the hot wallet of the exchange was hacked and not its cold wallet.

There has not been any official announcement from the exchange regarding the hack, however, analysts are believing that the hack took place because around 3 million EOS were transferred to different cryptocurrency exchanges such as Huobi, Changelly, KuCoin, CoinSwitch and EXMO. However, around 63 percent of the hacked funds are still in the wallet of the hacker.

According to CoinDesk Korea, Rohan from the EOSauthority team is pretty sure that the private keys of Bithumb was stolen. Also Bithumb has shut down the deposits and withdrawals on the platform stating the reason as “in order to provide more stable service”.

Nadja Eriksson

View Comments

Recent Posts

Why Libra Cryptocurrency by Facebook is the Future for Global Payments

For the past six months and maybe even longer, Facebook has been eyeing the cryptocurrency industry in what many believe…

54 mins ago

Bitcoin Price Analysis 19 June, BTC to $10000 today?

General Introduction (Bitcoin Price): Yesterday (June 18), most of the top 20 cryptocurrencies report moderate losses on the day, given…

7 hours ago

Ethereum Price Analysis 19 June, Can ETH reach $305 today?

Ethereum ETH USD Dominant Trend: Bullish Resistance Levels: $285, $295, $305 Support Levels: $245, $235, $225 Ethereum (ETH) tried to…

7 hours ago

Ripple Price Analysis 19 June: XRP is Bullish

Ripple XRP USD Dominant Trend: Bullish Supply Levels: $0.47, $0.48, $0.49 Demand Levels: $0.39, $0.38, $0.37     The value…

7 hours ago

Five Reasons for the Current Rise of Bitcoin Price

During the course of the weekend, Bitcoin, the top cryptocurrency by market cap spiked to $9,000 for the second time…

23 hours ago

Litecoin Price Analysis, 18th June: LTC about to crash?

LTC/USD Dominant Trend: Bearish Resistance Levels: $145, $150, $155 Support Levels: $120, $115, $110   Litecoin Price Analysis Litecoin price…

1 day ago

This website uses cookies.