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  • Hackers stolen $32 million from South Korea cryptocurrency exchange Bithumb
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Hackers stolen $32 million from South Korea cryptocurrency exchange Bithumb

Do Son June 20, 2018 2 minutes read
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According to the latest report from the Korea Times website on June 20, Bithumb, a public cryptocurrency trading platform in South Korea, was attacked by hackers. The high level of the platform confirmed the news that the attackers hacked the platform. According to reports, hackers stole more than 31.5 million US dollars in cryptocurrency. The process and reasons why the trading platform has been blacked out are still unknown.

Bithumb is not the first cryptocurrency exchange that has recently attacked. According to foreign media reports, Coinrail, the Korean cryptocurrency trading platform, recently announced on the Twitter website that the platform had hacked. The cryptocurrencies affected also include the less-known Pundi X. The price of cryptocurrency, such as Bitcoin, recently fell sharply due to the unfavorable news that the South Korean cryptocurrency platform hacked.

South Korea is a global cryptocurrency trading powerhouse. Students, women, and other ordinary people in the country have joined the frenzy of bitcoin speculation, and the transaction scale is among the best in the world. From the end of last year to the beginning of this year, the Korean government launched many measures to rectify the cryptocurrency market, including the strict implementation of the trade real name system and the taxation of trading platforms.

However, due to the relatively high level of domestic opposition, the South Korean government has not announced the prohibition of any form of cryptocurrency and transactions.

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Written by
@DdoS · Security Researcher

Do Son

Do Son is the Founder and Editor of SecurityOnline.info. Working in cybersecurity since 2013, he reports on vulnerabilities, malware, and emerging threats, providing timely analysis to help organizations and individuals stay ahead of evolving risks.

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