South Korean bitcoin exchange hacked, user accounts plundered

[frogboy]

Bithumb, a South Korean bitcoin and ether exchange, has suffered a data breach that resulted in customer losses potentially reaching billions of South Korean won (currently, a billion won is equivalent to some 870,000 US dollars).

The breach
According to Brave New Coin, Bithumb discovered the breach on June 29 and reported it the day after to the authorities: the Korea Communications Commission, the Korea Internet & Security Agency, and the Supreme Prosecutors’ Office.

The exchange claims that the breach was limited to an employee’s PC, from which the attackers apparently exfiltrated names, phone numbers, and email addresses of some 31,800 Bithumb website users.

Read More. South Korean bitcoin exchange hacked, user accounts plundered - Help Net Security

 

[mekelek]

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

same exchange?

 

[frogboy]

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

same exchange?

Maybe, not sure.

 

[onreact]

Ouch. Sounds awful. An employee PC stored all that data? This is a bit strange.

 

[Cats-4_Owners-2]

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

same exchange?

I think so because bithumb is the name of the website breach mentioned in both stories.

Ouch. Sounds awful. An employee PC stored all that data? This is a bit strange.

Agreed.

Corruption and crime move currency through strange waters of circumstance.

 

[orthonovum]

If you are in the financial industry right now there is a lot of buzz about using the blockchain for financial information and user auth etc.... the companies selling this new service are actually making the claim that it is impossible to hack or compromise.... it's coming and several banks and credit unions are already falling in line for it and even contributing money. brace for impact!

 

[Korea]

There was a lot of personal information leak in Korea. But no one has compensated. Maybe this is the first compensation case.

And we know that our personal information is traded in China for less than $ 1 per person.

It was used for credit theft, spam messages and so on.

A lot of improvement is needed.

 

[Entreri]

There is no deposit insurance, massive volatility, but if financial institutions get behind it...

The second largest one, Ethereum, market cap around $25 billion, went to almost zero (10 cents) a couple of weeks ago.

 

[mekelek]

There is no deposit insurance, massive volatility, but if financial institutions get behind it...

The second largest one, Ethereum, market cap around $25 billion, went to almost zero (10 cents) a couple of weeks ago.

you're wishing for the destroying of crypto currencies, the biggest fear is that it's going to be handled by financial institutions..

 

[orthonovum]

you're wishing for the destroying of crypto currencies, the biggest fear is that it's going to be handled by financial institutions..

Would not surprise me at all if they are already looking into either supporting them, taking some over or starting their own. crazy times we live in