Fourth Largest Cryptocurrency Exchange Was Hacked. Users Lose Ethereum & Bitcoin

[Solarquest]

Bithumb, the world's fourth largest cryptocurrency exchange by volume, confirmed a security incident during which an unknown hacker was able to make off with an yet undetermined amount of funds.

Clues that something was wrong emerged on Thursday, when South Korean users, who make most of Bithumb's userbase, started complaining on a local social network about losing control over large funds stored in their Bithumb accounts.

A day later after these complaints, the company officially admitted the breach in a blog post on its website, albeit it did not provide any meaningful details.

Attacker hacked Bithumb employee's PC

 

[509322]

One really big cryptocurrency hack or a combination of a lot of hacks will significantly undermine cryptocurrency for the long term.

Right now we are seeing a fairly steady stream of relatively small hacks.

 

[mekelek]

well so far neither BTC nor ETH took any significant hit in price after this hack.
also idk about that "fourth largest exchange site", it's the first time I heard about this exchange.

 

[Korea]

They paid $ 86.73 for each customer who leaked their personal information.
Your bulk payment was completed on July 5th.
빗썸카페-국내최대 가상화폐정보 커뮤니티

 

[SHvFl]

Pretty big weakness in this digital currencies. They should have some sort of 2 step authentication to transfer funds from wallets considering transfers are not reversible.