One of the world's largest Bitcoin and Ether cryptocurrencies exchanges Bithumb has recently been hacked,
resulting in loss of more than $1 Million in cryptocurrencies after a number of its user accounts compromised.
Bithumb is South Korea's largest cryptocurrency exchange with 20% of global ether trades, and roughly
10% of the global bitcoin trade is exchanged for South Korea's currency.
With a reported 75.7% share of the South Korean bitcoin market volume, Bithumb is one of the five largest
bitcoin exchanges in the world and hosts over 13,000 bitcoins worth of trading volume daily,
or roughly 10 percent of the global bitcoin trade.The exchange also hosts the world's largest ether market.
While trade in the South Korean won currently makes up the fourth largest currency market for bitcoin,
trailing the US dollar, Chinese yuan and Japanese yen, the won market is Ethereum’s largest. Bithumb
accounts for around 44 percent of South Korean ether trading.
http://thehackernews.com/2017/07/bitcoin-ethereum-cryptocurrency-exchange.html
https://bravenewcoin.com/news/fourth-largest-bitcoin-exchange-bithumb-hacked-for-billions-of-won
Maybe its an inside job'.. I Hope this will not happen again in any of the existing exchange sites'.. Will bithumb be liable for this? will they pay the traders?
There is an investigating about the incident and some customers have already filed a complaint with the National Police Agency's cybercrime report center regarding the hack.
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Largest Cryptocurrency exchange ? Bithumb isn t the largest cryptocurrency exchange.
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