Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Bithumb loses $13M in latest hack, insider job suspected

Mon, 01 Apr 2019, 07:31 am UTC

South Korean crypto exchange Bithumb has lost nearly $13 million in the EOS cryptocurrency in a security breach last week, CoinDesk reported.

In an online post dated March 30, the company said that it detected an “abnormal withdrawal” of the cryptocurrency through its trading monitoring system at 22:15 Korean time (13:00 UTC) on Friday, March 29.

“All the spilled cryptocurrency is owned by company, and all the member’s asset is under the protection of cold wallet,” it said. “Bithumb secured all the cryptocurrency from the detection time with a cold wallet and checked them by blocking deposit and withdrawal service.”

Furthermore, the company said that an internal inspection has suggested that the incident was an insider job.

According to CoinDesk, Bithumb has lost 3.07 million EOS (approximately $13 million) which was withdrawn from its “hot” (internet connected) wallet through a series of transactions.

The company has informed government agencies and is conducting intensive investigations with the Korea Internet & Security Agency (KISA), Cyber Police Agency and security companies.

“At the same time, we are working with major exchanges and foundations and expect to recover the loss of the cryptocurrency equivalent,” it added.

The latest incident follows a previous hack suffered by the exchange last year in which it lost around $31 million. Bithumb later claimed that it retrieved $14 million worth of hacked cryptocurrencies.

More recently, DragonEx, a Singapore-based cryptocurrency exchange, also suffered a major hack. In a statement via its official Telegram channel it said:

“On March 24th, DragonEx suffered APT attack, which is the greatest challenge since DragonEx was first launched in the year of 2017. 7.09million USDT assets are stolen (based on the price when it was hacked).”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,574.78 (-0.09%)
  • Ethereum (ETH) $238.40 (+0.89%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $249.46 (-0.15%)
  • Bitcoin SV (BSV) $195.51 (-0.43%)
  • Bitcoin (BTC) $9,574.78 (-0.09%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft