Cryptos Tumble After South Korea’s Bithumb Exchange Hacked

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…

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…

via RSS https://ift.tt/2ynfj00 Tyler Durden

Leave a Reply

Your email address will not be published. Required fields are marked *