$30 million worth of undisclosed cryptocurrencies has been stolen from Bithumb, one of the largest crypto exchanges in South Korea by trading volume.
As it was officially announced the Seoul-based crypto exchange Bithumb had become a victim of a hack and had lost $30 million worth of undisclosed cryptocurrencies.
Currently, Bithumb is considered to be the world’s sixth-largest and South Korea’s second-largest cryptocurrency exchange.
As CoinSpeaker has previously informed, on June 10, a smaller South Korean cryptocurrency exchange Coinrail announced that some ERC20-based tokens worth nearly $40 million had been stolen from their platform.
Soon after the news of Coinrail hack became known,it was possible to notice further negative tendencies on the already declining crypto markets.
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South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…
