Thursday, 02 December 2021 01:21 GMT

Cryptocurrency exchange Bithumb loses USD32m in hackers attack


(MENAFN) South Korea's biggest cryptocurrency exchange, Bithumb announced that it has lost USD31.5 million worth of cryptocurrencies in a hacking attack, highlighting concerns that cryptocurrency exchanges are vulnerable to cyber attacks.

According to the firm, its cryptocurrencies were moved to a more secure "cold wallet," which can transfer coins to a platform that is not connected to the Internet.

It said that deposit and withdrawal services were halted "for the time being, and the loss will be compensated by Bithumb's own reservoir."

Bithumb apologized for the incident, asking its customers "not to deposit any fund into Bithumb wallet addresses."

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