Hackers have stolen worth $30 million from South Korea's leading virtual currency exchange Bithumb Cointelegraph Japan reported June 19. As a result all deposits and payments have been temporarily suspended.
Bithumb moved a large amount of Ethereum to its cold wallet when they recently noticed abnormal access. On June 16, Bithumb announced an abrupt server check “in order to maximize security settings.” The maintenance was planned from 5:20 am KST to 9:00 am KST, but exceeded the scheduled time.
According to Korean resident officials from the Sentinel Protocol, a project specializing in hacking, scam, and fraud detection, the hot wallet was hacked on the night of June 19 and some of the stolen coins include Ripple.
According to CoinMarketCap, Bithumb’s 24-hour trade volume at press time is over $374 million, the world's sixth largest.
Earlier this month, hackers stole around $37 million from South Korean crypto exchange Coinrail. While Coinrail was only ranked the 99th largest crypto exchange in the world in terms of trade volume, some in the media claimed the hack was responsible for crashing crypto markets. Industry journalist and commentator Joseph Young said
