$20 Million Bithumb Hack Exposes Alarming Threat to Bitcoin Exchanges

2019-3-31 21:45

Bithumb, the largest bitcoin exchange in South Korea alongside Upbit, has been hacked for around $20 million. The company said that user funds stored in crypto cold storage wallets were not hacked, but corporate funds were moved.

Bithumb Hack Likely an Inside Job Cold storage wallets refer to offline wallets that are not connected to the internet that major exchanges utilize to eliminate the vulnerability of user funds in potential security breaches. In a surprising turn of events, Bithumb disclosed that it believes the hack was an inside job and funds might have been moved by individuals associated with the

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bithumb funds hack wallets exchanges million bitcoin

Источник: ccn.com

bithumb funds → Результатов: 26

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Almost Half of Stolen Funds Recovered By Bithumb, Due To Other Exchanges

The Bithumb Recovery Process For most cryptocurrency exchanges, experiencing a hack and subsequent loss of funds could be catastrophic. To this day, it remains unclear if any of the stolen funds have been recovered, although it is highly unlikely that is the case.

2018-7-1 08:05	hack
bithumb funds stolen process exchanges recovered although

Bithumb Recovers Nearly Half of its Stolen Funds Thanks to Other Exchanges

Bithumb is one of the largest cryptocurrency exchanges in the world. Its status has attracted a lot of unwanted attention from criminals, culminating in a $31 million hack earlier this month. The company has been working on recovering the money and scored some initial success in this regard.

2018-7-1 02:00
bithumb cryptocurrency exchanges money recovering company earlier

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Bithumb Hack News: 45% of Stolen Coins Recovered by Crypto Exhcange

Bithumb has managed to recover roughly 45 percent of the cryptocurrencies stolen during the June 20 hack. The company also acknowledged the support of other exchange platforms in its efforts to recover the stolen funds.

2018-6-29 21:08	#hackers
stolen bithumb hack recover managed initially half

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Bithumb Hack Update: Cryptocurrency Exchange Recovers 45% of Stolen Coins

Bithumb has managed to recover roughly 45 percent of the cryptocurrencies stolen during the June 20 hack. The platform announced the news in an update published on June 28 — while also providing full disclosure of the digital currencies taken in the attack.

2018-6-29 19:00
bithumb stolen update hack exchange june recover

Bithumb Recovers Half of Stolen Funds From $31 Million Hack

Last week, Bithumb – one of South Korea’s largest digital currency exchanges – was hacked for $31 million in various cryptocurrencies. Announced on June 28, 2018, Bithumb confirmed the recovery of nearly half the stolen funds.

2018-6-29 10:57	South Korea
bithumb million hack funds half stolen june

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In order to recover hacked funds Bithumb is working with other Crypto Exchange

The exchange stated: “We have announced about 35 billion Korean won of damages … Bithumb is reducing the amount of damage through ongoing damage recovery, future figures are expected to be lower.

2018-6-21 20:30
exchange further damage funds working bithumb retrieve

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Another day, another exchange hack

The recent hack of Bithumb, the 6th largest cryptographic asset exchange, continues the worrying trend of hackers finding ways around the security of these platforms, and siphoning funds stored in exchange hot wallets.

2018-6-21 16:46
exchange hack another these platforms security around

Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds

South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.

2018-6-21 16:46	bithumb
bithumb reduce may losses able week earlier

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Still Many Unknowns After $30,000,000 Stolen From Bithumb

South Korea’s biggest cryptocurrency exchange Bithumb is scrambling to protect users funds after a large scale hack. Bithumb has already assured customers affected by the hack will be compensated for their losses.

2018-6-21 02:16
bithumb exchange hack large losses bithumbofficial june

Bitcoin Fees Soar as Bithumb Overpays to Move Funds Following Hack

Bitcoin transaction fees have soared over the past 24 hours — likely due to Bithumb cleaning out its hot wallet in an effort to secure its remaining funds after hackers allegedly stole $31. 5 million from the exchange.

2018-6-20 21:00
bitcoin transaction fees funds bithumb fee 315

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