One of the most popular South Korean exchanges, Bithumb has been reportedly hacked a few hours ago as announced by the Bithumb official Twitter page. The tweet clearly stated that around $32 million worth tokens have been stolen. But, the post went missing after few minutes. They immediately announced a suspension of all deposits and withdrawals to ensure security and any further damage or loss.
Bithumb said it would cover any losses suffered by its customers, and that all assets were being transferred to a cold wallet, which refers to storing them offline. Keeping them away from the internet ensures they can’t be stolen, even if the company’s servers were still vulnerable.
The hack took place sometime between late night Tuesday and early morning Wednesday (South Korean time), according to Bithumb’s statement, which did not specify the exact cryptocurrencies affected.
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