April 26, 2024

• 

[THE INVESTOR] Korea’s biggest cryptocurrency exchange, Bithumb, said on June 20 it lost 35 billion won (US$31.50 million) worth of cryptocurrencies in a hacking attack.

The theft took place last night and at dawn today, Bithumb said in a statement. 

Bithumb said its cryptocurrencies were moved to a more secure “cold wallet,” which can transfer coins to a platform that is not connected to the internet.

“Deposit and withdrawal services are halted for the time being. The loss will be compensated by Bithumb’s own reservoir,” the exchange said.

It was the second hacking attack of a cryptocurrency exchange in less than two weeks in Korea.

Earlier this month, a minor exchange Coinrail said it was hacked.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)