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Bithumb $31 Million Crypto Exchange Hack: What We Know (And Don’t)

Posted on June 20, 2018 by Dissent

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.

Category: Business SectorHackNon-U.S.

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