{"id":3865,"date":"2018-06-20T23:39:32","date_gmt":"2018-06-20T23:39:32","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/29064\/Hackers-Rob-Bithumb-Of-32m.html"},"modified":"2018-06-20T23:39:32","modified_gmt":"2018-06-20T23:39:32","slug":"hackers-rob-bithumb-of-32m","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/hackers-rob-bithumb-of-32m\/","title":{"rendered":"Hackers Rob Bithumb Of $32m"},"content":{"rendered":"
\"Bithumb\"Image copyright<\/span> EPA<\/span> <\/span>
Image caption<\/span> Local reports describe Bithumb as South Korea’s biggest crypto-currency exchange <\/span> <\/figcaption><\/figure>\n

A leading crypto-coin exchange has halted trade after declaring that hackers had stolen some of the digital currencies it stored.<\/p>\n

Seoul-based Bithumb said that 35bn won (\u00a324m; $31.6m) worth of cyber-cash had been “seized” overnight, adding that it would fully compensate affected customers.<\/p>\n

The values of Bitcoin, Ethereum and Ripple all fell on the news.<\/p>\n

It is the second time in less than a year that Bithumb has been breached.<\/p>\n

Last July, it acknowledged an employee’s PC had been hacked – exposing users’ personal details<\/a>.<\/p>\n

South Korea’s spy agency later accused North Korea of being responsible after the stolen information was used to carry out scams.<\/p>\n

Cold wallet<\/h2>\n

Bithumb notified a local regulator – the Korea Internet and Security Agency – of the latest attack, shortly before alerting the public via social media.<\/p>\n

“Some crypto-currencies valued [at] about $30m was stolen,” it posted in a since deleted tweet<\/a>.<\/p>\n

In subsequent posts<\/a> – which are still online<\/a> – it added:<\/p>\n

“All deposit and withdrawal services will be stopped to make sure [of our] security… We are providing compensation… Bithumb urgently asks our valuable customers not to deposit any funds into Bithumb wallet addresses for the time being.”<\/p>\n

The firm provided a Google-shortened link with further information, but it appears to have been blocked by the search firm for unspecified reasons.<\/p>\n

An earlier post on Bithumb’s Twitter account reveals that it had announced that a database upgrade was being carried out as part of a security update late last week<\/a>. It added that it had transferred assets to a “cold wallet” – a term used to refer to external storage unconnected to the internet – as part of the process.<\/p>\n

However, it is unclear whether this is linked to the reported theft.<\/p>\n

The Yonhap news agency has reported that police officers have launched an investigation<\/a> and collected records from computers at the company’s headquarters.<\/p>\n

The incident comes just over a week after another South Korean crypto-currency exchange<\/a>, Coinrail, reported that it had been the victim of a separate attack in which hackers had stolen 40bn won worth of virtual coins.<\/p>\n

Bithumb is, however, the bigger of the two operations, and represents the world’s sixth busiest crypto-cash trading platform, according to the news site Coindesk<\/a>.<\/p>\n

At the time of writing, one bitcoin was trading at $6,626.19 (\u00a35,035) – representing a 1.4% drop from its level before news of the heist spread.<\/p>\n

READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

READ MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":3866,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[60],"tags":[1460],"class_list":["post-3865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packet-storm","tag-headlinehackercybercrimedata-lossfraudcryptography"],"yoast_head":"\nHackers Rob Bithumb Of $32m 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.threatshub.org\/blog\/hackers-rob-bithumb-of-32m\/\" \/>\n<meta property=\"og:locale\" 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