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Following the news about the piracy of the very popular South Korean crypto-currency exchange Bithumb, the exchange gave an answer on the circumstances to calm its customers.
Although this is not the first time that Bithumb has experienced major hacking, the stock market seems to have reacted quickly and claims to have secured user funds on its platform.
The hack was the first reported on Twitter by a crypto influencer known as @DoveyWan, and she revealed that more than 3 million EOS and 20 million XRP had been transferred from Bithumb.
A few hours after the hacking was reported by @DoveyWan, Bithumb officially responded by apologizing for the inability of users to deposit or withdraw funds and at the same time confirming that their clients' badets are in danger. security, so do not panic.
[Notice?]We sincerely apologize to our members for delaying the encrypted currency deposit and withdrawal service. We wish to inform you of the circumstances of the reasons and confirm that your badets are safe.
For more details >> https://t.co/dOvT78P0sK– Bithumb (@BithumbOfficial) March 30, 2019
According to Bithumb reports, on March 29 around 10:15 pm, they detected "abnormal withdrawals of the cryptocurrency of the company" via the "abnormal trading system monitoring" of the stock market.
A job inside?
Bithumb went further by noting that based on the facts on the base, the theft is most likely from an insider (s), since there is no "intrusion path" external "has been identified. The stock market announced that it was working with Korean authorities and other security companies to conduct a thorough investigation into the piracy.
Does Bithumb hide anything? Certainly!
Around 10:13 pm, almost at the same time, Bithumb claimed to have detected anomalies on their platform, the exchange revealed on Twitter that cryptocurrencies worth $ 30 million had been stolen from its platform. form.
The exchange then clarified that they would cover the losses, but deposits and withdrawals would be suspended as a security measure.
#bithumb #hacked why they deleted the tweet tho pic.twitter.com/nFR6u7hP2C
– Prince (@crypto_fated) March 30, 2019
Bithumb, however, seems to have removed these tweets and the reason they did it is still unknown. The stock exchange only indicated in its response that it was working with other major stock exchanges and foundations in order to "recover the loss of the cryptocurrency equivalent", without taking into account the amount lost or the cryptocurrency concerned.
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