Bithumb $31 Million Crypto Exchange Hack: What We Know (And Don’t)
Wolfie Zhao reports:
On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb.
Although the breach may not be as severe as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as the sixth biggest trading venue in the world still marks it as a notable, and worrying, incident.
While more details about the heist have surfaced in the hours following the event’s confirmation, providing a glimpse into Bithumb’s internal operations, some important questions about the hack still remain unanswered.
Read more on Coindesk.