de | cn | ru

Market News

It’s not a joke: Bithumb hacked again, reportedly lost around $19 million

 

It's no joke, one of the largest South Korean cryptocurrency exchanges, Bithumb, announced it was hacked. Hackers are thought to have made off with around $19 million worth of cryptocurrency in EOS and XRP, and the exchange suspects an insider job.

 

The company operating Bithumb, BTC KoreaCom Corporation, stated that an “abnormal withdrawal” of the cryptocurrency was first spotted through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. After noticing this, the exchange allegedly “secured all the cryptocurrency from the detection time with a cold wallet and checked them by blocking deposit and withdrawal service.”.

 

More importantly, Bithumb said that all members’ assets are under the protection of a cold wallet and that the stolen cryptocurrency is owned by the company.

 

This is not the first time Bithumb was subjected to a hacker attack. In the summer of 2017, the computer of one of its employees was allegedly attacked, and the hackers managed to steal the personal data and passwords of nearly 31 800 or 3% of the users and stole 1.2 billion won (a little over $1 million) in altcoins and fiat currencies.

 

Bithumb is a leading South Korean cryptocurrency exchange. It offers spot trading in Bitcoin, Ethereum , Dash, Ethereum Classic, Litecoin, Dash, Ripple, Bitcoin Cash, Monero, Zcash, Qtum, and more. These are being traded mostly against the South Korean Won. 

 

TAGS: Bithumb  crypto-exchange  hack  South Korea  insider job 
Forex
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Market News

AFM also plans to make ESMA’s product intervention measures permanent

Apr 18 2019 13:13:32

  The Dutch financial regulator AFM announced its plans to make the product intervention measures of the European Securities and Markets Authority (ESMA) permanent. Read more

BaFin joins FCA and other regulators in warning against Wise Banc

Apr 17 2019 17:15:37

  Germany’s federal financial supervisory authority (BaFin) warned against Wise Banc and ordered it to cease offering cross-border proprietary trading services to German investors.   A brief review of the broker’s website (www.wisebanc. Read more

FCA updates its warning list with CryptoExp, CapitalXP, and 4XFX

Apr 16 2019 14:44:31

  The Financial Conduct Authority (FCA) has recently updated its warning list with unregulated brokers CryptoExp, CapitalXP, and 4XFX. According to the regulator, these brokers have been providing financial services or products in the UK without its authorization. Read more

CySEC warns CryptoCapitalFX is a clone

Apr 12 2019 14:36:41

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that CryptoCapitalFX (operating via www. cryptocapitalfx.com) is not licensed to provide investment services in the country. Read more

ASIC warns that some Australian brokers are soliciting European clients

Apr 11 2019 14:31:20

  The Australian Securities and Investments Commission (ASIC) made an official statement, warning local forex brokerages to be careful not to break any overseas laws while offering OTC derivatives to retail investors in Europe and other overseas jurisdictions. Read more

Spain’s CNMV updates its warning list with a bunch of shady brokers

Apr 10 2019 17:36:00

  The Comision Nacional del Mercado de Valores (CNMV) has updated its warning list with BrokerYard, Capital245, CryptoEU, Pepperdyne, and UproFX, among others, earlier this week. Read more

UK’s FCA blacklisted unregulated broker Hope Area

Apr 09 2019 09:50:06

  UK’s financial markets and services regulator, the Financial Conduct Authority (FCA), blacklisted unregulated forex and binary options broker Hope Area on Monday.   “This firm is not authorised by us and is targeting people in the UK. Read more

Austrian financial regulator blacklisted EZCryptoplace and TradeToro

Apr 05 2019 13:36:59

  The Austrian Financial Market Authority (FMA) blacklisted unregulated brokers EZCryptoplace and TradeToro earlier this week. Read more

Belgium’s FSMA updates its crypto warning list with Bears Markets and several other brands

Apr 04 2019 16:17:51

  The Belgian Financial Services and Markets Authority (FSMA) issued an official notice on Tuesday, warning the public against www.bearsmarkets.com, and several others unregulated websites. Read more

London Capital Trade, Grand Fx Pro, and CfdPremium end up on CONSOB’s warning list

Apr 03 2019 14:15:22

  Unregulated forex brokers London Capital Trade, Grand Fx Pro, and CfdPremium have been the latest additions to the warning list of the Commissione Nazionale per le Societa e la Borsa (CONSOB). Read more

de | cn | ru