Author: Iris Li
Bithumb, South Korea’s Largest Ethereum Exchange, was hacked and $32 million digital currency was stolen. The exchange is suspending deposits now. Based on Bithumb’s official announcement, due to the growing security issues, Bithumb is changing and updating its wallet system. Do not deposit before the notice of the exchange, all deposits will not enter into your wallet until the wallet system finishes its update. Bithumb emphasized that the exchange would be responsible to the stolen digital currency and all assets were transferred into the cold wallet system.
One financial analyst Joseph Young said that Bithumb has gained $300 million profits last year and it is easy for the exchange to bear the loss of stolen. In fact, it was the second time for Bithumb to be hacked this year.
Charlie Lee, the creator of Litecoin, he said,
It is hopeful that Bithumb takes responsible for the stolen digital currency even though $32 million is not a small figure. I have said tons of times that smart users will save their cryptocurrency they trade frequently on the exchange and withdraw them immediately after each transaction.
Featured Image Resource: CalvinAyre.com
Content Image Resource: Portal do Bitcoin; SteemKR Beta